Per Bank

Loblaw says it has challenged hundreds of millions in proposed supplier cost increases in 2026 as it expands No Frills and Maxi. The dispute highlights the economics of discount grocery, manufacturer cost pressures and Canada's new Grocery Code of Conduct.

Retail revenue was $15,046 million, an increase of $589 million, or 4.1%.

Loblaw says Canadians remain focused on value as discount grocery growth and trade-down behaviour continue across the country.

Net earnings available to common shareholders of the Company were $594 million, an increase of $91 million or 18.1%.

The company said the new store is the beginning of an evolution for No Frills.

Loblaw continued to invest in its future growth by opening 77 new stores across its banners in 2025.

This is the second investment in the company’s 5-year plan to spend $10 billion by 2030

The combination of everyday value offerings, personalized PC Optimum loyalty rewards, impactful promotions, and new store openings drove higher levels of customer engagement.

Retaliatory tariffs were resulting in at least $100 million a month in additional costs to the foodservice industry.

Loblaw companies have increased the number of T symbols indicating products affected by tariffs

Loblaw expects a surge is coming in the number of products impacted by tariffs.

Loblaw Companies Limited says its success as a proud Canadian company is directly linked to the success and prosperity of Canada as a whole.

Delivering against its capital investment plans to open approximately 80 new stores and 100 new clinics in 2025, Loblaw brought Hard Discount banners to five new communities and opened four new pharmacies with expanded clinics in the quarter, and opened a second T&T Supermarket in downtown Toronto.

Higher commodity prices are the new norm, according to the Loblaw report.

Loblaw is planning 80 new stores under the No Frills, Maxi, Shoppers Drug Mart, Pharmaprix and T&T banners, including approximately 50 hard discount stores.