this post was submitted on 01 Apr 2026
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Bullshit.
According to the company’s 2025 annual results, Loblaw reported a **gross profit of approximately **C$20.03 billion for the full year 2025. This figure comes from the income statement summary showing:
Total Revenue: C$63.903 billion Cost of Revenue: C$43.871 billion → Gross Profit: C$20.032 billion (i.e., revenue less cost of goods sold).
https://ca.finance.yahoo.com/quote/L.TO/financials/
Well Loblaws is a REIT as well, and I believe their margins are far higher on that, which raises top line margins.
The REIT does well due to our government zoning policy, which has caused massive urban sprawl and extremely high commercial real estate prices. Likely also causing a lack of competition and higher prices for goods, like everything in Canada it became an oligopoly.
Loblaws sells much more than groceries. Shoppers Drug Mart revenue is also included in Loblaws numbers.