Loblaw, a Canadian food and pharmacy retailer, reported a nearly 10% jump in Q1 profit and revenue, leading to a 15% dividend hike. As a month-long boycott of Loblaw-owned stores begins, the company faces criticism over high food prices, with its CEO denying responsibility. The boycott organizer targeted supermarkets except Costco, emphasizing the price disparity between Canadian and American food. Loblaw's leaders defended the company against what they called 'misguided criticism' amid the boycott, stating they are not to blame for high food prices. The boycott has led to observations of emptier parking lots at Loblaw stores, with small grocers and co-ops benefiting from the boycott.
The Loblaw boycott has entered its first weekend, so where can Canadians shop if they don't want to visit those stores? READ MORE: https://t.co/MfRjPNFRUa https://t.co/MfRjPNFRUa
Small grocers, co-ops receiving boost from Loblaw boycott: ‘A lot of anger’ https://t.co/rwdRsN0Ux4 https://t.co/U1fC0cEYzX
CHARLEBOIS: Loblaw boycott a waste of time but grocer still a basket case https://t.co/SuHAZH7PyP https://t.co/XpyjZpBBwd
'I’m sorry that food costs money': Inside the imagined thoughts of Loblaws https://t.co/kCOCdhPFdm https://t.co/UHegFuEPzh
Times change, but gripes over high grocery prices do not. In 1966, shoppers headed to a Toronto Loblaws to protest high prices. https://t.co/GlVztIza0D.
#Canadians boycotting Loblaw petition government to prevent grocery monopolies 👀 https://t.co/eQ6uwrOAEA
Loblaw boycott organizer met with CEO Per Bank — here's what went down 👀 https://t.co/FQmb4EJpLw
Canadians are fighting corporate greed in the grocery aisle - because Justin Trudeau refuses to. Loblaw profits are up 10% and a boycott movement is sweeping the country. Justin Trudeau has failed, Pierre Poilievre's top advisor works for Loblaw, and grocery CEOs are making… https://t.co/LfuwLwfdhH
Loblaw CFO pushes back on boycott’s unfair food-pricing claims https://t.co/zJVz22VjHY https://t.co/zsUgi77hi7
Loblaw boycott organizer says she met with CEO to talk about grocery prices https://t.co/RuCUBo3VDQ
A senior executive at Loblaw pushed back against criticism of the supermarket chain’s prices, arguing that the presence of global giants helps ensure a competitive market in Canada https://t.co/bUqWJZzAQL
Is the boycott working? #Canadians claim Loblaw parking lots look emptier than usual 👀 https://t.co/kldqXhH9bE
Someone compared a #Canadian Costco grocery haul to food prices in Mexico 👀🇲🇽 https://t.co/iUC6reB6Fr
Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott begins https://t.co/rPyEstxRj5
Loblaw leaders call criticism 'misguided,' say they aren't to blame for high food prices https://t.co/pWf4lo7pUO
Loblaw faces 'misguided criticism' as boycott begins, Galen Weston says https://t.co/WT1aCFYT1t https://t.co/n8W8qlHpCr
Local market vs. #Loblaws: #Canadian shares shocking grocery bill difference 😮 https://t.co/xyJ8EbxHDi
President and CEO Per Bank said at the grocer’s annual meeting that there’s a lot of misinformation online about Loblaw, and said the company is not responsible for higher food prices. READ MORE: https://t.co/05TKKYFV63 https://t.co/05TKKYFV63
Loblaw leaders say boycott campaign, criticism of company ‘misguided’ https://t.co/n50DOWNkSE
Loblaw’s new chief executive, as well as chairman Galen Weston, pushed back on what they called “misguided criticism” of the grocer as a push to boycott the company gains steam online. https://t.co/4o2mzoJBpu
Loblaw leaders push back on ’misguided criticism’ of grocer as boycott begins https://t.co/78yltqqmrP https://t.co/JSknGNX0C1
Loblaw leaders push back on 'misguided criticism' of grocer as boycott begins https://t.co/7yFmSG93XR
A planned boycott of Loblaw is now underway as Canada's largest grocer bears the brunt of consumer frustrations. What impact could it have? READ MORE: https://t.co/ewy68NLxhv https://t.co/ewy68NLxhv
Loblaw boycott: Will Canada’s biggest grocer feel the pinch? https://t.co/vR3q8gVC1v https://t.co/g98Uxo76TK
Loblaw CEO 'cautiously optimistic' about grocery code of conduct https://t.co/k4h1syiDig
Canadians boycotting Loblaws due to high prices is why we need economics taught in high school... #loblawsboycott
Month-long boycott of Loblaw-owned grocery brands and stores begins https://t.co/hiGsiTYI89
Loblaw Hikes Dividend 15% On First Day Of Consumer Boycott, George Weston To Gain $43 Million Just From Increase $L $WN #GalenWeston #Loblaw #grocery #loblawsboycott https://t.co/Oo9zp6xBxz via @TheDeepDive_ca
Loblaw profits are way up again as shoppers embark on month-long boycott 😳 https://t.co/clULYx5FwM
Loblaw, Canada’s largest food and drug retailer, grew profits by nearly 10 per cent in the first quarter and boosted its dividend for shareholders, according to a financial update released on Wednesday. https://t.co/hTImGVuBRw
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
Canadian food prices are so much more than American food prices. https://t.co/PEjCoXbDiO
"Been hard to survive": We asked #Canadians how much they spend on groceries — here’s what they said 👀 https://t.co/yeuMvX7H4B
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