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BRIEF-Loblaw Reports Q4 Earnings Per Share C$0.70 From Continuing Operations

Published 2020-02-20, 07:00 a/m
BRIEF-Loblaw Reports Q4 Earnings Per Share C$0.70 From Continuing Operations
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Feb 20 (Reuters) - Loblaw Companies Ltd L.TO :

* LOBLAW REPORTS 2019 FOURTH QUARTER RESULTS AND FISCAL YEAR ENDED DECEMBER 28, 2019 RESULTS(1)

* Q4 REVENUE C$11.59 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$11.63 BILLION

* Q4 ADJUSTED EARNINGS PER SHARE C$1.09 FROM CONTINUING OPERATIONS

* Q4 EARNINGS PER SHARE C$0.70 FROM CONTINUING OPERATIONS

* SAYS TO INVEST ABOUT $1.1 BILLION IN CAPITAL EXPENDITURES, NET OF PROCEEDS FROM PROPERTY DISPOSALS

* SAYS EXPECT TO DELIVER POSITIVE ADJUSTED NET EARNINGS GROWTH IN 2020

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