Overview

• Loblaw's Q1 revenue reached $13.58 billion, a 4.5% increase from the previous year, driven by growth in food and drug retail sales.
• A Reddit group with over 60,000 members initiated a boycott against Loblaw's high grocery prices, though its impact remains uncertain.
• CEO expresses cautious optimism about adopting a grocery code of conduct to ensure fair industry practices.
• Loblaw raised its quarterly dividend by 15%, reflecting confidence in its financial health.
• Analysts note easing food prices and resilient consumer demand as key factors supporting Loblaw's strong performance.