Canada's George Weston misses Q4 revenue expectations

George Weston

04/03/2026 12:16

Overview

Canada food retailer's Q4 revenue grew 11.2% yr/yr but missed analyst expectations

Adjusted EPS for Q4 missed analyst expectations despite a 15.2% increase

Company repurchased 3.2 mln shares for C$290 mln

Outlook

Loblaw expects continued growth through investments in new stores and distribution centers

Choice Properties anticipates stability and growth driven by strong tenant demand

Choice Properties announces fourth consecutive annual distribution increase for unitholders

Result Drivers

LOBLAW CUSTOMER TRAFFIC - Increased customer visits and e-commerce sales drove Loblaw's revenue growth

CHOICE PROPERTIES DEMAND - Strong tenant demand for grocery-anchored and industrial assets improved occupancy and cash flow

LOBLAW EXPANSION - Loblaw opened 77 new stores and ramped up distribution centers for future growth

Company press release: ID:nGNX3P2LPT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
C$16.54 bln
C$16.92 bln (2 Analysts)
Q4 Adjusted EPS
Miss
C$1.21
C$1.26 (5 Analysts)
Q4 EPS
C$0.72
Q4 Adjusted EBITDA
C$1.89 bln
Q4 Adjusted EBITDA Margin
11.5%
Q4 Operating Income
C$1.18 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food retail & distribution peer group is "buy"

Wall Street's median 12-month price target for George Weston Ltd is C$110.00, about 11% above its March 3 closing price of C$99.08

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)