Overview

* George Weston Q3 revenue grows 4.6% yr/yr, slightly missing analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

* Company completed a three-for-one stock split, enhancing share liquidity

Outlook

* George Weston expects adjusted net earnings to increase in 2025

* Loblaw expects full-year adjusted EPS growth in low double-digits

* Choice Properties raises 2025 FFO per unit outlook to C$1.06-C$1.07

Result Drivers

* LOBLAW PERFORMANCE - Loblaw's focus on value, convenience, and new store openings drove customer engagement and sales growth

* CHOICE PROPERTIES DEMAND - Strong tenant demand in grocery-anchored retail and industrial assets boosted Choice Properties' performance

* FAIR VALUE ADJUSTMENT - Positive impact on net earnings from fair value adjustment of Trust Unit liability due to Choice Properties unit price increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight C$19.55 C$19.59

Revenue Miss* bln bln (2

Analysts

)

Q3 Beat C$1.37 C$1.31

Adjusted (5

EPS Analysts

)

Q3 EPS C$1.23

Q3 C$2.34

Adjusted bln

EBITDA

Q3 12.00%

Adjusted

EBITDA

Margin

Q3 C$1.64

Operatin bln

g Income

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "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$101.67, about 11.3% above its November 13 closing price of C$90.13

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(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.)