Loblaw stock falls despite 11.9 percent adjusted EPS growth

Published on 10/06/2026 at 17:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Loblaw stock was trading at CAD 61.07 on October 6, 2026, while Q2 adjusted EPS rose 11.9 percent to CAD 0.66. Eight analysts set a CAD 71.44 average target.

Loblaw, CA5394811015, Illustration mit AI erstellt.

Loblaw Companies (ISIN CA5394811015) was trading at CAD 61.07 on the Toronto Stock Exchange at 11:47 a.m. EDT on October 6, 2026, down 1.17 percent from the previous close. The latest reported quarter showed adjusted diluted earnings per share rising 11.9 percent to CAD 0.66, according to Yahoo Finance on July 30, 2026.

Q2 growth came from several divisions

The second quarter of 2026 covered the 12 weeks ended June 20, 2026, as stated on Loblaw's investor page. Revenue including PC Financial reached CAD 15.3 billion, up 4.1 percent year over year, while adjusted EBITDA increased 5.1 percent to CAD 1.9 billion, according to the earnings call.

Operational growth was especially visible in pharmacy and digital retail. Drug retail sales increased 6.1 percent, pharmacy and healthcare services same-store sales rose 7.5 percent, and online sales advanced 19.3 percent in Q2 2026, according to Yahoo Finance.

Consensus points above the current quote

According to MarketBeat on October 5, 2026, the consensus rating was Moderate Buy, based on 8 analysts: 1 Strong Buy, 5 Buy and 2 Hold ratings. The average price target stood at CAD 71.44, with a high of CAD 75.00 and a low of CAD 67.00.

Against the October 6 reference price, the average target lies 17.0 percent above the price. The range of targets also shows a meaningful gap in expectations, while the current quote remains 12.2 percent below Loblaw's 52-week high of CAD 69.59.

Stock remains below its yearly high

Loblaw's market capitalization was CAD 71.1 billion and volume stood at 246,844 shares on October 6, 2026. The combination of double-digit adjusted EPS growth and a share price below the yearly high leaves the current market reading split between operating momentum and valuation discipline.

On the TSX, Loblaw stock was last at CAD 61.07 at 11:47 a.m. EDT on October 6, 2026. The 52-week range was CAD 52.92 to CAD 69.59.