Net earnings of Loblaw Companies Limited Canada 2012-2021

The net earnings of Loblaw Companies Limited reached approximately 1.98 billion Canadian dollars in the financial year ending January 1, 2022. Otherwise known as net profit or net income, net earnings are the amount of revenue left once all operating expenses, interest, taxes and preferred stock dividends have been deducted. Loblaw’s revenue reached around 53.17 billion Canadian dollars in the same financial year.

Loblaw's origins

Loblaw’s first self-serve grocery store opened in Toronto in 1919 and continued to spread across Ontario in the following years. By 1924, they had expanded into New York State, and later into Chicago in 1928. Today, Loblaw Companies employs almost 200,000 workers in Canada and operates five independent divisions. Shoppers Drug Mart, Loblaw’s drugstore division, generated retail sales of around 14.79 million Canadian dollars in 2021. Since 2013, Loblaws’ food retail store sales have continued to grow year-on-year, helping to secure their top position in the Canadian grocery market.