|Loblaw Companies Limited - L.t provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services. With more than 2,300 corporate, franchised and associate-owned locations, Loblaw employ approximately 192,000 full and part-time employees, making it one of Canada’s largest private sector employers.|
2016 FOURTH QUARTER HIGHLIGHTS
•Revenue was $11,130 million, an increase of $265 million, or 2.4%, compared to the fourth quarter of 2015.
•Retail segment sales were $10,845 million, an increase of $239 million, or 2.3%, compared to the fourth quarter of 2015.
•Food retail (Loblaw) same-store sales growth was 1.1%, excluding gas bar.
•Drug retail (Shoppers Drug Mart) same-store sales growth was 3.4%, with same-store pharmacy sales increasing by 2.5% and same-store front store sales increasing by 4.1%.
•Same-store sales growth included the favourable impact of an extra selling day, due to the timing of New Year's day, of approximately 1.0% on Food retail same-store sales and 0.6% on Drug retail same-store sales.
•Operating Income was $449 million, an increase of $133 million, or 42.1%, compared to the fourth quarter of 2015.