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George Weston Ltd (WN.TO)

WN.TO on Toronto Stock Exchange

104.20CAD
21 Feb 2018
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Latest Key Developments (Source: Significant Developments)

George Weston reports Q3 adjusted earnings per share of $2.14‍​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - George Weston Ltd :George Weston limited reports third quarter 2017 results(2).George Weston Ltd qtrly adjusted earnings per share $2.14‍​.George Weston Ltd qtrly ‍shr $3.25​.George Weston Ltd qtrly sales $14.65 billion versus $14.61 billion.George Weston Ltd - ‍subsequent to end of Q3, Weston Foods announced planned closure of unprofitable facility in U.S..George Weston Ltd - ‍ management expects to make capital investments of approximately $220 million in 2017​ for Weston Foods.George Weston Ltd - ‍performance of frozen business is "not expected to improve materially" in Q4 of 2017 for Weston Foods​.George Weston Ltd - Weston Foods expects closure of unprofitable facility in U.S. to be completed in Q1 of 2018​.George Weston -for 2017, sees growth in net earnings to be driven by net earnings increase at Loblaw, positive impact of increased ownership in Loblaw​.George Weston Ltd - management is "in the process of reviewing the strategy" in light of challenges at frozen foods business.Q3 earnings per share view c$2.15 -- Thomson Reuters I/B/E/S.George Weston Ltd - ‍Weston Foods expects adjusted EBITDA in Q4 of 2017 to trend in a similar fashion to Q3 of 2017 when compared to prior year​.  Full Article

‍Loblaw Companies says co, George Weston confirmed they are aware of an industry-wide investigation by the competition bureau​
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Loblaw Companies Ltd :‍Loblaw Companies - co, George Weston confirmed that they are aware of an industry-wide investigation by the competition bureau​.  Full Article

George Weston posts Q1 earnings of $0.29/share
Tuesday, 10 May 2016 

George Weston Ltd : George Weston Limited reports 2016 first quarter results and announces a 3.5% increase to quarterly common share dividend . Q1 earnings per share $0.29 . Q1 adjusted earnings per share $1.31 . Q1 sales $ 10.80 billion versus $10.41 billion . Q1 earnings per share view c$1.29, revenue view c$10.80 billion -- Thomson Reuters I/B/E/S . Announces $0.44 per common share dividend declared . George Weston Ltd sees sales growth generated by new capacity and productivity improvements to drive an increase in adjusted EBITDA in 2016 . Expects to make capital investments of approximately $300 million in 2016. . Increase in adjusted EBITDA expected to be greater in second half of year as new plant capacity and capability come on-line . In 2016, Loblaw expects to deliver positive same-store sales and stable gross margin in its retail segment . In 2016, Loblaw expects to grow adjusted net earnings; invest approximately $1.3 billion in capital expenditures .For 2016, company expects growth in net earnings to be driven by an increase in net earnings at Loblaw.  Full Article

Canadian food cos Loblaw, George Weston issue price fixing response

TORONTO, Dec 19 Canadian supermarket chain Loblaw Co and George Weston said on Tuesday they are acting to end anti-competitive actions after discovering and reporting their role in an industry-wide price-fixing arrangement involving some packaged bread products.