Net earnings of Loblaw Companies Limited Canada 2012-2019

The net earnings of Loblaw Companies Limited reached approximately 1.13 billion Canadian dollars in the financial year ending December 28, 2019. 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 48 billion Canadian dollars in the same 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 12.87 million Canadian dollars in 2018. 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.