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Canadian retailer George Weston beats Q2 revenue estimates, announces stock split
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Canadian retailer George Weston beats Q2 revenue estimates, announces stock split
Jul 29, 2025 3:24 AM

(Corrects to C$ from US$ in bullets)

Overview

* George Weston Q2 revenue up 5.2%, beating analyst

expectations,

per LSEG data

* Adjusted EPS for Q2 misses analyst estimates, per LSEG

data

* Co announces 3-for-1 stock split to enhance share

accessibility

Outlook

* Company maintains 2025 outlook for adjusted net earnings

increase

* Loblaw expects high single-digit EPS growth in 2025

* Choice Properties targets 2%-3% Same-Asset NOI growth

* Loblaw plans C$1.9 bln net capital expenditures in 2025

Result Drivers

* LOBLAW PERFORMANCE - Strong sales growth driven by new

store

openings and improved same-store sales, with increased customer

engagement through loyalty rewards and promotions

* FOOD RETAIL GROWTH - Increased traffic, basket size, and

item

count in food retail, led by hard discount and Real Canadian

Superstores banners

* CHOICE PROPERTIES - Robust demand for grocery-anchored

retail

and industrial assets supported performance, with C$427 mln in

transactions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat C$14.82 C$14.78

Revenue bln bln (2

Analysts

)

Q2 Miss C$3.06 C$3.37

Adjusted (5

EPS Analysts

)

Q2 EPS C$1.96

Q2 C$1.92

Adjusted bln

EBITDA

Q2 13.0%

Adjusted

EBITDA

Margin

Q2 C$1.44

Operatin bln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy"

and

the breakdown of recommendations is 5 "strong buy" or "buy", 2

"hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the food retail &

distribution peer group is "buy"

* Wall Street's median 12-month price target for George

Weston Ltd ( WNGRF )

is C$300.00, about 12.5% above its July 28 closing price of

C$262.56

* The stock recently traded at 18 times the next 12-month

earnings

vs. a P/E of 17 three months ago

Press Release:

(This story was created using Reuters automation and AI based

on LSEG and company data. It was checked and edited by a Reuters

journalist prior to publication.)

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