May 4 (Reuters) - Loblaw Companies Ltd L.TO
* Loblaw reports 2016 first quarter results and announces a
4% increase to quarterly common share dividend(1)
* Q1 revenue c$10.38 billion versus I/B/E/S view c$10.38
billion
* Qtrly retail segment sales were $10,154 million , an
increase of $324 million , or 3.3%, compared to Q1 of 2015
* Qtrly drug retail (shoppers drug mart) same-store sales
growth was 6.3%
* Quarterly common share dividend increased by 4.0% from
$0.25 per common share to $0.26 per common share
* Says for 2016, sees to deliver positive same-store sales
and stable gross margin in its retail segment
* Sees for 2016, grow adjusted net earnings
* Expects to invest approximately $1.3 billion in capital
expenditures, including $1.0 billion in its retail segment in
2016
* Q1 earnings per share c$0.47
* Q1 earnings per share view c$0.82, revenue view c$10.41
billion -- Thomson Reuters I/B/E/S
* Qtrly food retail (Loblaw) same-store sales growth was
2.6%
* Q1 adjusted earnings per share c$0.82
Source text for Eikon: ID:nCNW7mJDDa
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