Capital investment
Fixed asset purchases.
Capital investment per common share
Capital investment divided by the weighted average number of common shares outstanding during the year.
Cash flows from operating activities of continuing operations per common share
Cash flows from operating activities of continuing operations less preferred dividends paid divided by the weighted average number of common shares outstanding during the year.
Cash flows from operating activities of continuing operations to net debt
Cash flows from operating activities of continuing operations divided by net debt (see Non-GAAP Financial Measures – PDF, 70 KB).
Common shareholders’ equity
Total shareholders’ equity less preferred shares outstanding.
Control label
A brand and associated trademark that is owned by Loblaw for use in connection with its own products and services.
Conversion
A store that changes from one Loblaw banner to another Loblaw banner.
Corporate stores sales per average square foot
Sales by corporate stores divided by the average corporate stores’ square footage at year end.
Diluted net earnings per common share from continuing operations
Net earnings from continuing operations available to common shareholders divided by the weighted average number of common shares outstanding during the year minus the dilutive impact of outstanding stock option grants at year end.
Dividend rate per common share at year end
Dividend per common share declared in the fourth quarter multiplied by four.
Free cash flow
Cash flows from operating activities of continuing operations less fixed asset purchases and dividends (see Non-GAAP Financial Measures – PDF, 70 KB).
Gross margin
Sales less cost of sales and inventory shrinkage divided by sales.