{"id":25327,"date":"2024-01-16T23:21:12","date_gmt":"2024-01-16T23:21:12","guid":{"rendered":"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=25327"},"modified":"2024-01-16T23:26:38","modified_gmt":"2024-01-16T23:26:38","slug":"discount-fixer","status":"publish","type":"post","link":"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=25327","title":{"rendered":"discount fixer&#8230;"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"753\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/30-Gailen.jpg\" alt=\"\" class=\"wp-image-25342\" style=\"width:700px\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/30-Gailen.jpg 700w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/30-Gailen-279x300.jpg 279w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 61vw, (max-width: 1362px) 45vw, 600px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>Loblaw&#8217;s CEO trotting out max discount on expiring items.<\/strong><\/em><strong><em> <\/em><\/strong><strong><em>Discount Down Profit Up<\/em><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/calgaryherald.com\/news\/canada\/loblaw-stores-ending-50-discount-expiring-items\/wcm\/c8afbc73-82f7-44a7-8aa8-3ef259a1b3c4\" data-type=\"link\" data-id=\"https:\/\/calgaryherald.com\/news\/canada\/loblaw-stores-ending-50-discount-expiring-items\/wcm\/c8afbc73-82f7-44a7-8aa8-3ef259a1b3c4\">https:\/\/calgaryherald.com\/news\/canada\/loblaw-stores-ending-50-discount-expiring-items\/wcm\/c8afbc73-82f7-44a7-8aa8-3ef259a1b3c4<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Amid rising food costs, many Canadians rely on discounts to feed their families. But it just got a little harder to find a deal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Loblaw&nbsp;Companies Ltd.&nbsp;has changed their policy on expiring items, <strong>decreasing their discounts on perishable foods, such as meat, fruit and vegetables, from <\/strong>30-50<strong> per cent to a maximum 30 per cent per item.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The grocery chain did not publicly announce the price change in Loblaw-owned stores. Instead, it was discovered by Dalhousie University\u2019s Agri-Food Analytics Lab, to whom&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/calgarysun.com\/opinion\/columnists\/charlebois-heard-of-price-fixing-say-hello-to-discount-fixing?_gl=1*17hokyp*_ga*MjAzMjQ0NTEwNy4xNzA1MzUyNjQ2*_ga_72QH41ZTMR*MTcwNTQzMDc4Mi4yLjEuMTcwNTQzMTg5MC4zNC4wLjA.*_ga_9H6VPHFHKG*MTcwNTQzMDc4My4yLjEuMTcwNTQzMTg5MC40OS4wLjA.&amp;_ga=2.116492742.1147592812.1705352649-2032445107.1705352646\" target=\"_blank\">Loblaw confirmed the change.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Calgary Herald<\/em><\/p>\n<\/blockquote>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"750\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/Court-Painter-30er-Galen-.jpg\" alt=\"\" class=\"wp-image-25343\" style=\"width:1000px\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/Court-Painter-30er-Galen-.jpg 750w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/Court-Painter-30er-Galen--300x300.jpg 300w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/Court-Painter-30er-Galen--150x150.jpg 150w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 61vw, (max-width: 1362px) 45vw, 600px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"714\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/Court-Painter-30-Gallen.jpg\" alt=\"\" class=\"wp-image-25341\" style=\"width:1000px\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/Court-Painter-30-Gallen.jpg 1000w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/Court-Painter-30-Gallen-300x214.jpg 300w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2024\/01\/Court-Painter-30-Gallen-768x548.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>Galen Weston took in $8.4 million in total compensation in the 2022 fiscal year in his role at the head of Loblaw Companies Ltd.<\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Loblaw<\/strong> <strong>2023&nbsp;THIRD QUARTER HIGHLIGHTS<\/strong>  :<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">NEWS PROVIDED BY <strong><a href=\"https:\/\/www.newswire.ca\/news\/loblaw-companies-limited\/\">Loblaw Companies Limited&nbsp;<\/a><\/strong> 15 Nov, 2023, 06:30 ET<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue<\/strong> was&nbsp;$18,265 million, an <strong>increase<\/strong> of&nbsp;$877 million, or 5.0%.<\/li>\n\n\n\n<li>Retail segment <strong>sales<\/strong> were&nbsp;$17,982 million, an <strong>increase<\/strong> of&nbsp;$852 million, or 5.0%.\n<ul class=\"wp-block-list\">\n<li>Food<strong> Retail<\/strong> (Loblaw) same-stores <strong>sales increased b<\/strong>y 4.5%.<\/li>\n\n\n\n<li><strong>Drug Retail<\/strong> (Shoppers Drug Mart) same-store <strong>sales increased<\/strong> by 4.6%, with front store same-store sales growth of 1.8% and pharmacy same-store sales growth of 7.4%.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>E-commerce sales increased<\/strong> by 13.6%.<\/li>\n\n\n\n<li><strong>Operating income<\/strong> was&nbsp;$1,065 million, an<strong> increase <\/strong>of&nbsp;$74 million, or 7.5%.<\/li>\n\n\n\n<li><strong>Adjusted EBITDA<\/strong><sup>(2)<\/sup>&nbsp;was&nbsp;$1,926 million, an <strong>increase<\/strong> of&nbsp;$80 million, or 4.3%.<\/li>\n\n\n\n<li>Retail segment adjusted gross profit percentage<sup>(2)<\/sup>&nbsp;was 30.6%, a decrease of 20 basis points.<\/li>\n\n\n\n<li><strong>Net earnings<\/strong> available to common shareholders of the Company were&nbsp;$621 million, an <strong>increase<\/strong> of&nbsp;$65 million&nbsp;or 11.7%. <strong>Diluted net earning<\/strong>s per common share were&nbsp;$1.95, an<strong> increase<\/strong> of&nbsp;$0.26, or 15.4%.<\/li>\n\n\n\n<li>Adjusted<strong> net earnings<\/strong> available to common shareholders of the Company<sup>(2)&nbsp;<\/sup>were&nbsp;$719 million, an <strong>increase<\/strong> of&nbsp;$56 million, or 8.4%.<\/li>\n\n\n\n<li>Adjusted<strong> diluted net earnings<\/strong> per common share<sup>(2)<\/sup>&nbsp;were&nbsp;$2.26, an<strong> increase<\/strong> of&nbsp;$0.25&nbsp;or 12.4%.<\/li>\n\n\n\n<li>Repurchased for cancellation 2.9 million common shares at a cost of&nbsp;$341 million&nbsp;and invested&nbsp;$676 million&nbsp;in capital expenditures, net of proceeds from property disposals. <strong>Free cash flow<\/strong><sup>(2)<\/sup>&nbsp;used in the Retail segment was<strong>&nbsp;$663 million.<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Loblaw&#8217;s CEO trotting out max discount on expiring items. Discount Down Profit Up Amid rising food costs, many Canadians rely on discounts to feed their families. But it just got a little harder to find a deal. Loblaw&nbsp;Companies Ltd.&nbsp;has changed their policy on expiring items, decreasing their discounts on perishable foods, such as meat, fruit &hellip; <a href=\"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=25327\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;discount fixer&#8230;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-25327","post","type-post","status-publish","format-gallery","hentry","category-images","post_format-post-format-gallery"],"_links":{"self":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/25327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25327"}],"version-history":[{"count":18,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/25327\/revisions"}],"predecessor-version":[{"id":25350,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/25327\/revisions\/25350"}],"wp:attachment":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}