07:29 AM EDT, 07/29/2025 (MT Newswires) -- George Weston (WN.TO) on Tuesday reported higher second-quarter adjusted net income that missed estimates. The company also announced a three-for-one stock split.
Adjusted net earnings increased 1.8% to $401 million, or $3.06 per diluted share, from $394 million, or $2.93 per diluted share. The result missed the consensus analyst estimate of $3.37 per share, according to FactSet.
Revenue increased 5.2% to $14.82 billion, slightly above the estimate of $14.8 billion.
George Weston also announced a 3-for-1 common share stock split, which will be implemented by a stock dividend. The company will issue two additional shares for each share held. The stock split will be effective at the close of business on Aug.18.