​We maintain our rating on Loblaw based on our expectations for a low inflationary food environment in 2017, as well as competitive industry headwinds, balanced against the potential for improvements in EPS growth from cost efficiencies and share buybacks.
Loblaw is a Canadian food distributor and provider of general merchandise, drugstore and financial products and services. Traditional food offerings remain at the core of Co.'s business. Co. operates conventional, superstore, and hard discount stores. Co. offers products through control label program with famous brands including President's Choice, no name and Joe Fresh Style. Co. also offers President's Choice Financial services and offers the PC points loyalty program.
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