07:34 AM EST, 02/26/2025 (MT Newswires) -- George Western Holdings (WN.TO) on Wednesday reported higher adjusted profit as revenue rose slightly.

The company, which operates through two reportable operating segments - Loblaw ( LBLCF ) and Choice Properties (CHP-UN.TO) - said adjusted net earnings jumped 21% to $415 million or $3.15 per adjusted diluted share, from $342 million, or $2.51 per adjusted diluted share, in the previous corresponding quarter. The result topped analyst expectations of $3.04 per share, according to FactSet.

The increase was driven by the favourable year-over-year impact of $62 million from the contribution of the operating companies. Share buybacks also contributed $0.09 per common share, George Weston said.

Revenue rose 2.7%, to $15.1 billion in the same period.

George Weston will pay a quarterly dividend of $0.36 on its Series 1 preferred shares, on March 15.