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George Weston Q2 Adjusted Profit Advances, but Misses Estimates; Three-for-One Stock Split Announced
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George Weston Q2 Adjusted Profit Advances, but Misses Estimates; Three-for-One Stock Split Announced
Jul 29, 2025 4:38 AM

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.

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