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Loblaw Companies Limited NEWS RELEASE Loblaw Reports 2021 Second Quarter Results ( ¹ ) BRAMPTON , ONTARIO July 28 , 2021 Loblaw Companies Limited ( TSX : L ) ( " Loblaw ” or the “ Company ” ) announced today its unaudited financial results for the second quarter ended June 19 , 2021. The Company's 2021 Second Quarter Report to Shareholders will be available in the Investors section of the Company's website at loblaw.ca and will be filed on SEDAR and available at sedar.com . " In the second quarter , Loblaw delivered strong financial performance while lapping the heightened sales and significant COVID - related costs experienced at the beginning of the pandemic , ” said Galen G. Weston , President and Chairman , Loblaw Companies Limited . " We maintained our focus on delivering value and quality to Canadians while providing a safe shopping experience , and are well - positioned to meet the evolving needs of customers as the pandemic restrictions begin to lift . " Grocery demand continued to benefit from elevated eat - at - home trends in the quarter . Across Loblaw's grocery stores , the Company continued to deliver superior value through its unmatched network of stores and online pick - up or delivery options . This was reflected as the Company recorded volume share gains in the second quarter , continuing its positive momentum in the grocery business . The drug store division continued to see variability in its prescription business and reduced consumer demand for high - value items like cosmetics in its front - store business due to lockdowns . The Company has experienced higher food and convenience sales during the pandemic , with muted acute - prescription and beauty sales . This trend is showing signs of rebalancing as economies re - open across Canada . With a heightened focus on its core retail businesses , including improved promotional effectiveness and cost control , Loblaw delivered another quarter of operational and financial improvements . Loblaw continues to believe that through its everyday business decisions it has an opportunity and responsibility to have a positive effect in the communities in which it operates . That long - standing sense of responsibility has led the Company to be a corporate responsibility leader and drive change in areas that matter to Canadians . The publication of the Company's 14th annual Corporate Social Responsibility ( “ CSR ” ) report in the second quarter marks a transition to begin reporting its corporate responsibility actions under an Environmental , Social and Governance ( " ESG " ) framework . The 2020 CSR report contains new disclosures and targets that demonstrate the Company's commitment to ESG transparency , leadership and risk management . Page 1