As May begins, a significant number of Canadian shoppers are initiating a boycott against Loblaw Companies, Canada's largest grocer, due to rising food costs. The boycott, which has gained momentum online, includes customers expressing deep dissatisfaction with the company's pricing policies. In response, Loblaw's CEO has addressed the situation in a statement to employees, stating that the company is being 'unfairly blamed' for broader economic issues. Concurrently, Loblaw has reported a 9.8% increase in first-quarter profit and a 4.5% rise in revenue to $13.58 billion compared to the previous year, also announcing a 15% increase in its quarterly dividend. This financial growth occurs as the company faces public backlash over food inflation. Notably, the boycott targets all supermarkets except Costco.
Loblaw Companies reported $13.58 billion in first-quarter revenue today — a 4.5 per cent increase from a year earlier. Also today, a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer. https://t.co/97LsyjZXGZ .
Loblaw reports quarterly profit boost of nearly 10 per cent ahead of planned boycott of stores https://t.co/G1USpqMnrz
Loblaw Claims CPI Food Inflation Higher Than Internal Inflation In Q1 2024 Financials, Hikes Dividend $L #earnings #loblaws #grocery https://t.co/EoGY6pIBGU via @TheDeepDive_ca
Loblaws boycott organizer: "our target is actually all the supermarkets except Costco. We have a lot of love for Costco" $COST
Loblaw is hiking its quarterly dividend after reporting a jump in revenue and profits for the first quarter of the year. READ MORE: https://t.co/tEP1VhuRui https://t.co/tEP1VhuRui
Loblaw reports nearly 10% jump in Q1 profit as May boycott begins https://t.co/Zj7mEMkVMG https://t.co/KQzloALf9P
Loblaw reports 9.8% quarterly profit boost, hikes dividend 15% https://t.co/foMGUx6Lv3
Loblaw reports Q1 profit and revenue up from year ago, raises quarterly dividend 15% https://t.co/htrfrQo2iQ
Loblaw reports first-quarter profit and revenue up from year ago https://t.co/ze7hIdmgAq https://t.co/Za2Iez31dT
Loblaw reports first-quarter profit and revenue up from year ago, raises quarterly dividend 15% https://t.co/k5scqIK9Dq
⚠️ LOBLAW REPORTS STRONG FIRST QUARTER ON RESILIENT DEMAND, EASING FOOD PRICES Full Story → https://t.co/buYYbzA4np Canadian food and pharmacy retailer Loblaw Companies topped expectations for first-quarter revenue and profit on Wednesday, aided by sustained consumer demand…
As Loblaw boycott begins, what to know about all the company’s brands https://t.co/SPfvmBtgdq https://t.co/dZ9WO1nytJ
Is it possible to completely boycott Loblaw? Here's the (long) list of stores and brands it owns. READ MORE: https://t.co/mVWUpTqeHx https://t.co/mVWUpTqeHx
He says the grocer is being "unfairly blamed" 🛒 "Enough is enough": #Loblaw CEO addresses looming boycott in statement to employees https://t.co/jva50iqTQu
'Shot themselves in the foot:' How Loblaw became target for grocery anger over food inflation https://t.co/Fq97VWQSkI https://t.co/RQd77vB4GG
AGAR: Instead of boycotting Loblaws, focus your attention on Ottawa https://t.co/uFb0TbHiIZ https://t.co/xgL12skdsA
ICYMI: 'Deeply unhappy' grocery shoppers plan to boycott Loblaw-owned stores in May https://t.co/o45dugUfzW
A boycott targeting Loblaw is gaining momentum online, with what could be thousands of shoppers taking their money elsewhere in May. https://t.co/BLmRfRQdfy
“Don't tolerate monopolies anymore”: #Canadians gear up for Loblaw boycott starting this week 😳 https://t.co/fpsvCrUE9I
Loblaw boycott: CEO responds to plans from ‘deeply unhappy’ customers https://t.co/p41GIaWePz https://t.co/NQXNCDfvXi
Loblaw customers are gearing up for a boycott of Canada's largest grocer. Here's what the company's CEO thinks about the plans. READ MORE: https://t.co/Y66288aK3o https://t.co/Y66288aK3o
'Don't want to struggle anymore': Grocery shoppers plan Loblaw boycott in May https://t.co/B4p9jL6viO https://t.co/1gPa6nQf4s
’Deeply unhappy’ grocery shoppers plan to boycott Loblaw-owned stores in May https://t.co/2uxZoYPxQJ https://t.co/bE4oJggzhD
'Deeply unhappy' grocery shoppers plan to boycott Loblaw-owned stores in May https://t.co/XlCoxo7NUm
Viral former face of No Name latest to join #Loblaw boycott https://t.co/sTdUHhJ9AM
Canadians plan to boycott Loblaws, Shoppers Drug Mart in May over rising food costs https://t.co/0srBeJIiGL
Canadians plan to boycott Loblaws, Shopper Drug Mart in May over rising food costs https://t.co/0srBeJIiGL https://t.co/YKAwSYFEaH