Loblaw stock gains 1.76 percent as Q2 earnings grow

Published on 10/07/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Loblaw stock has 11.9 percent adjusted EPS growth to CAD 0.66 in Q2 2026. Eight analysts put the average target at CAD 71.44, above the October 7 quote.

Loblaw, CA5394811015, Illustration mit AI erstellt.

Loblaw stock (ISIN CA5394811015) was up 1.76 percent on the Toronto Stock Exchange on October 7, 2026, at 10:36 a.m. ET. The move keeps the Canadian grocer above its prior close while investors weigh double-digit adjusted earnings growth from Q2 2026.

Q2 EPS rose 11.9 percent

According to Yahoo Finance on July 30, 2026, Loblaw reported Q2 2026 revenue of CAD 15.3 billion including PC Financial, up 4.1 percent. Adjusted diluted earnings per common share rose 11.9 percent to CAD 0.66, while adjusted EBITDA increased 5.1 percent to CAD 1.9 billion.

The comparison matters because earnings expanded faster than revenue in the same quarter. The company also reported GAAP revenue of CAD 15.0 billion and diluted earnings per common share of CAD 0.64, up 8.5 percent.

Consensus target reaches CAD 71.44

MarketBeat reported on October 3, 2026, that eight analysts gave Loblaw a Moderate Buy consensus and an average price target of CAD 71.44. That target lies 14.3 percent above the October 7 price of CAD 62.49.

The same report cited a 200-day moving average of CAD 62.93 and described the stock trading below that level on October 3. The current quote therefore places the shares above the cited October 3 close of CAD 62.16 while keeping the longer-term valuation discussion centered on earnings delivery.

TSX quote stands at CAD 62.49

Loblaw was last at CAD 62.49 on the TSX on October 7, 2026, at 10:36 a.m. ET, with a session range of CAD 61.47 to CAD 62.76 and volume of 194,038 shares. Its market capitalization stood at CAD 72.7 billion, and the 52-week range was CAD 54.30 to CAD 69.59.

On September 30, 2026, Loblaw said in a release carried by GlobeNewswire that it supported the Competition Bureau investigation into minimum advertised pricing policies. The policy issue connects Loblaw's discount strategy with the broader debate over grocery affordability and retailer pricing flexibility.

Loblaw stock stays below its yearly high

The CAD 62.49 intraday quote on October 7, 2026, was CAD 7.10 below the 52-week high of CAD 69.59. The Q2 figures and the analyst consensus give the stock a measurable earnings and valuation framework rather than a price-only narrative.