Report
Anil Passi ...
  • Moritz Steinbauer

An E-Commerce Step Change for Canadian Food Retailers

Over the past two years, the government-mandated restrictions on movement and business activity, combined with consumers' concerns about the potential exposure to the Coronavirus Disease (COVID-19) pandemic, resulted in Canada's food retailers experiencing an unprecedented surge in e-commerce sales. While we believe e-commerce sales could moderate over the near term from the current elevated pandemic levels given the rapidly easing restrictions and the reopening of the economy combined with an increasingly price-conscious consumer in an inflationary environment, it is our view the pandemic has driven a fundamental increase in e-commerce penetration and the rate of penetration in a post-pandemic environment will remain significantly above pre-pandemic levels.
Underlyings
Loblaw Companies Limited

LOBLAW COMPANIES Pfd.

Provider
DBRS Morningstar
DBRS Morningstar

DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.

Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.

Analysts
Anil Passi

Moritz Steinbauer

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