Loblaw Companies Q4 F23 Earnings Report June 2023

Loblaw Companies reported Q4 fiscal 2023 earnings with diluted EPS of $0.72 and same-store sales growth of 2.6% excluding fuel. The company completed its national Scene+ loyalty program rollout and expanded e-commerce infrastructure with a new distribution center in Calgary. Capital discipline was demonstrated through $797 million in fiscal 2023 capital expenditures and a planned $400 million share repurchase program for fiscal 2024.