Brief: George Weston Reports Fourth Quarter 2021 And Fiscal Year Ended Dec. 31, 2021 Results

George Weston

02/03/2022 12:33

March 2 (Reuters) - George Weston Ltd  WN.TO :
    * GEORGE WESTON LIMITED REPORTS FOURTH QUARTER 2021 AND
FISCAL
YEAR ENDED DECEMBER 31, 2021 RESULTS(2)
    * Q4 EARNINGS PER SHARE C$2.80 FROM CONTINUING OPERATIONS
    * Q4 ADJUSTED EARNINGS PER SHARE C$2.32 FROM CONTINUING
OPERATIONS
    * QTRLY REVENUE $12,902 MILLION VERSUS $13,430 MILLION
    * Q4 EARNINGS PER SHARE VIEW C$1.98, REVENUE VIEW C$12.80
BILLION
-- REFINITIV IBES DATA
    * FOR 2022, EXPECTS ADJUSTED NET EARNINGS FROM CONTINUING
OPERATIONS TO INCREASE DUE TO RESULTS FROM ITS OPERATING
SEGMENTS
    * LOBLAW EXPECTS ITS RETAIL BUSINESS TO GROW EARNINGS FASTER
THAN
SALES IN 2022
    * LOBLAW EXPECTS FY EPS GROWTH IN LOW DOUBLE DIGITS, WITH
HIGHER
GROWTH IN FIRST HALF OF YEAR
    * LOBLAW EXPECTS TO INVEST IN FY ABOUT $1.4 BILLION IN
CAPITAL
EXPENDITURES, NET OF PROCEEDS FROM PROPERTY DISPOSALS

Source text for Eikon:  ID:nCNWM54Hsa 
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