(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.)