07:31 AM EST, 11/14/2025 (MT Newswires) -- George Weston (WN.TO), which operates through its two operating companies, Loblaw (L.TO) and Choice Properties REIT (CHP-UN.TO), said Friday that third-quarter adjusted earnings beat forecasts, and revenue advanced.

Adjusted net earnings rose 12% to $533 million, or $1.37 per diluted share, from $476 million, or $1.19 per diluted share, in the prior year period. Analysts polled by FactSet had expected $1.34 per share.

Revenue rose 4.6% to $19.55 billion, inline with consensus.

George Weston said in its outlook that it continues to expect adjusted net earnings to increase due to the results from its operating segments, and to use excess cash to repurchase shares.

The company will pay a quarterly dividend of $0.14 per share on Dec. 30.

"Our strong quarterly results reflect the positive momentum in our operating businesses," said Galen Weston, chief executive. "Loblaw attracted more customers through its focus on value and convenience, while Choice Properties experienced strong tenant demand across its necessity-based portfolio. With our businesses continuing to serve the needs of their customers and tenants while executing on their long-term strategies, George Weston is positioned for continued growth."