{"id":17708,"date":"2025-02-20T14:15:41","date_gmt":"2025-02-20T14:15:41","guid":{"rendered":"https:\/\/torontotribune.ca\/index.php\/2025\/02\/20\/pc-optimum-charge-drives-loblaw-q4-profit-down-from-year-ago-national\/"},"modified":"2025-02-20T14:15:41","modified_gmt":"2025-02-20T14:15:41","slug":"pc-optimum-charge-drives-loblaw-q4-profit-down-from-year-ago-national","status":"publish","type":"post","link":"https:\/\/torontotribune.ca\/index.php\/2025\/02\/20\/pc-optimum-charge-drives-loblaw-q4-profit-down-from-year-ago-national\/","title":{"rendered":"PC Optimum charge drives Loblaw Q4 profit down from year ago &#8211; National"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"article-byline\">\n<div class=\"c-byline__images c-byline__images--single\">\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n<div class=\"c-byline__text\">\n<p>\n\t\t\t\t<span>By \t<span class=\"c-byline__name\">The Staff<\/span><br \/>\n\t<\/span><br \/>\n\t\t\t\t<span class=\"c-byline__source c-byline__source--hasName\"><br \/>\n\t\t\t\t\t\t\t\t\t\tThe Canadian Press<br \/>\n\t\t\t\t<\/span>\n\t\t\t<\/p>\n<div class=\"c-byline__datesWrapper\">\n<div class=\"c-byline__dates\">\n<p>\n\t\t\t\t\t<span>Posted February 20, 2025 8:56 am<\/span>\n\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t<strong>1 min read<\/strong>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<div>\n<div class=\"l-article__details\" data-article-socialshare=\"true\">\n<div id=\"article-fontSizer\" class=\"c-fontSizer\">\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--decrease c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Decrease Font\" data-tooltip-title=\"Decrease text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Descrease article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=cv3j60zbx#font-decrease\"\/>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--increase c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Increase Font\" data-tooltip-title=\"Increase text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Increase article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=cv3j60zbx#font-increase\"\/>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n<article class=\"l-article__text js-story-text\" aria-label=\"Article text\">\n<p>Loblaw Companies Ltd. reported its fourth-quarter profit fell compared with a year ago as it was hit by a non-cash charge related to its PC Optimum loyalty program due to higher member participation and higher redemption rates.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/d21y75miwcfqoq.cloudfront.net\/70c8fc80\" alt=\"\" style=\"position:absolute;width:1px;height:1px\" referrerpolicy=\"no-referrer-when-downgrade\"\/><\/p>\n<p>The parent company of <a href=\"https:\/\/globalnews.ca\/tag\/loblaw\">Loblaws<\/a> and Shoppers Drug Mart says its net earnings available to common shareholders amounted to $462 million or $1.52 per diluted share for the quarter ended Dec. 28.<\/p>\n<p>The result was down from a profit of $541 million or $1.72 per diluted share in the fourth quarter of 2023.<\/p>\n<div class=\"l-article__part\" data-shortcode=\"tp_video\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"false\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_10951343_67b734c79291d\" data-displayinline-video-id=\"10951343\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/10951343\/#autoplay&amp;stickyiframe=miniplayer_10951343_67b734c79291d\" data-displayinline-sticky=\"true\">\n<div class=\"c-video__inner \">\n\t\t\t\t\t<span class=\"c-video__placeholder\"><br \/>\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-video__image\" alt=\"Click to play video: 'Loblaw apologizes after overweighted meat sold in Western Canada stores'\" width=\"640\" height=\"360\" data-src=\"https:\/\/i0.wp.com\/media.globalnews.ca\/videostatic\/news\/0izuajh8vv-5mrpwce6l9\/LOBLAW_VMS.jpg?w=1040&amp;quality=70&amp;strip=all\" loading=\"lazy\" srcset=\"\" sizes=\"auto, \" data-srcset=\"https:\/\/i0.wp.com\/media.globalnews.ca\/videostatic\/news\/0izuajh8vv-5mrpwce6l9\/LOBLAW_VMS.jpg?w=450#038;quality=70&amp;strip=all 450w,https:\/\/i0.wp.com\/media.globalnews.ca\/videostatic\/news\/0izuajh8vv-5mrpwce6l9\/LOBLAW_VMS.jpg?w=720#038;quality=70&amp;strip=all 720w,https:\/\/i0.wp.com\/media.globalnews.ca\/videostatic\/news\/0izuajh8vv-5mrpwce6l9\/LOBLAW_VMS.jpg?w=1040#038;quality=70&amp;strip=all 1040w,\" data-sizes=\"(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px\"\/><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__overlay\"><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<time class=\"c-video__duration\">2:05<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__title\">Loblaw apologizes after overweighted meat sold in Western Canada stores<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<section id=\"content-dynamic-trending-stories\" class=\"l-inlineStories l-inlineStories--tile u-hide-tablet-landscape\" aria-label=\"Dynamic trending stories section\">\n<p>\n\t\t<span class=\"l-inlineStories__title c-heading c-heading--strikethrough\">Trending Now<\/span>\n\t<\/p>\n<ul class=\"l-inlineStories__posts c-posts c-posts--inline \">\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/11023369\/delta-air-lines-crash-hard-landing-main-gear-collapse\/\" class=\"c-posts__inner\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/02\/3e6afedb52983906e7123833c2b16cd5b95c99140c2e0bf854e4a65827396b46.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"44 seconds of mayhem: Video of Delta plane landing reveals clues about Toronto crash\" data-title=\"\">44 seconds of mayhem: Video of Delta plane landing reveals clues about Toronto crash<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/11024978\/elon-musk-father-errol-interview-parenting-skills-podcast\/\" class=\"c-posts__inner\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/02\/Elon-Errol-Musk-Parenting.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"Elon Musk\u2019s father chastises his son: He \u2018hasn\u2019t been a good dad\u2019\" data-title=\"\">Elon Musk\u2019s father chastises his son: He \u2018hasn\u2019t been a good dad\u2019<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<\/ul>\n<\/section>\n<p>On an adjusted basis, Loblaw says it earned $2.20 per diluted share in its latest quarter, up from an adjusted profit of $2 per diluted share a year earlier.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p>Revenue for the quarter totalled $14.9 billion, up from $14.5 billion, as food retail same-stores sales rose by 2.5 per cent. Excluding the favourable impact of the timing of Thanksgiving, Loblaw says food retail same-store sales were up about 1.5 per cent.<\/p>\n<p>Drug retail same-store sales rose 1.3 per cent, with pharmacy and health care services same-store sales up 6.3 per cent, offset in part by a 3.1 per cent drop in front store same-store sales.<\/p>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Canada<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/article>\n<div class=\"l-article__copyright\">\n<p>\n\t\t&amp;copy 2025 The Canadian Press\t<\/p>\n<\/div><\/div>\n<p><script defer src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;appId=318812448281278&#038;version=v3.3\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/globalnews.ca\/news\/11026900\/pc-optimum-charge-loblaw-q4-profit\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By The Staff The Canadian Press Posted February 20, 2025 8:56 am 1 min read Descrease article font size Increase article font size Loblaw Companies Ltd. reported its fourth-quarter profit fell compared with a year ago as it was hit by a non-cash charge related to its PC Optimum loyalty program due to higher member<\/p>\n","protected":false},"author":2,"featured_media":17709,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17708","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - 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