SUPPLEMENTARY SLIDES Q1 2026

For the periods ended March 28, 2026 and March 22, 2025



KEY FINANCIAL METRICS - Total Company(1) Q1 2026

(millions of Canadian dollars unless otherwise noted) Q1 2026 Q1 2025 % Change(2)

Revenue (including Retail and PC Financial)

$14,724

$14,135

↑

+4.2%

Adjusted EBITDA

$1,687

$1,591

↑

+6.0%

Adjusted EBITDA Margin

11.5%

11.3%

↑

+20 bps

Adjusted Net Earnings Available to Common Shareholders

$609

$570

↑

+6.8%

Adjusted Diluted Net Earnings Per Common Share

$0.52

$0.47

↑

+10.6%

Free Cash Flow

$621

$215

Gross Capex(3)

$312

$246

  1. Total Company results include continuing operations (Retail) and discontinued operations (PC Financial).

  2. ↑ indicates better; ↓ indicates worse; ≈ indicates flat.

  3. Gross Capex includes fixed asset purchases, intangible asset additions, and prepayments transferred to fixed assets in the current year.

KEY FINANCIAL METRICS - Retail(1) Q1 2026

(millions of Canadian dollars unless otherwise noted)

Q1 2026

Q1 2025

% Change(2)

Retail Revenue

$14,484

$13,904

↑ +4.2%

Retail Revenue - Food

$10,238

$9,854

Retail Revenue - Drug

$4,246

$4,050

Pharmacy and Healthcare Services

$2,384

$2,201

Front Store

$1,862

$1,849

Retail Gross Margin(3)

31.4%

31.5%

↓ -10 bps

Adjusted Retail SG&A rate

20.3%

20.7%

↑ -40 bps

Adjusted Retail EBITDA

$1,607

$1,509

↑ +6.5%

Adjusted Retail EBITDA margin

11.1%

10.9%

↑ +20 bps

  1. Retail represents the continuing operations of the Company.

  2. ↑ indicates better; ↓ indicates worse; ≈ indicates flat.

  3. Represents gross profit as a percentage of retail revenue.

KEY OPERATIONAL METRICS Q1 2026 Food Retail (Loblaw)

% Change(1)

Food Retail Same-Store Sales Growth ↑ +2.4%

Basket Size(2) ↑

Traffic(2) ↑

Loblaw STM Square Footage Growth ↑

Industry STM Square Footage Growth ↑

Drug Retail (Shoppers Drug Mart)

% Change (1)

Drug Retail Same-Store Sales Growth

↑ +4.1%

Pharmacy and Healthcare Services(2)

↑ +6.7%

Rx Count(2)

↑ +2.8%

Average Rx Value(2)

↑ +5.0%

Front Store(2)

↑ +1.0%

  1. ↑ indicates better; ↓ indicates worse; ≈ indicates flat

  2. Based on same-store sales

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Loblaw Companies Limited published this content on May 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2026 at 10:55 UTC.