Canada's George Weston Q1 profit misses; maintains 2026 outlook

George Weston

12/05/2026 12:18

Overview

Canada food and real estate conglomerate's Q1 revenue rose 4.2% but slightly missed analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Company repurchased 2.9 mln shares for C$275 mln and raised dividend by 8%

Outlook

Company maintains 2026 outlook, expects adjusted net earnings to increase

Loblaw expects 2026 adjusted net EPS growth in high single-digits

Result Drivers

LOHLAW SALES MOMENTUM - Loblaw's same-store food retail sales growth, increased customer traffic, e-commerce gains, and new store openings drove topline performance

DISCOUNT BANNERS & DRUG RETAIL - Loblaw's discount banners outperformed, and drug retail saw growth from higher prescription volumes, specialty drugs, and beauty categories

CHOICE PROPERTIES LEASING - Choice Properties' results were supported by stable occupancy, higher rental rates, new leasing, and contributions from acquisitions and developments

Company press release: ID:nGNXbR3bXH

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$14.64 bln
C$14.65 bln (2 Analysts)
Q1 Adjusted EPS
Miss
C$0.91
C$0.99 (4 Analysts)
Q1 EPS
C$0.27
Q1 Adjusted EBITDA
C$1.71 bln
Q1 Adjusted EBITDA Margin
11.70%
Q1 Operating Income
C$1.15 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "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$115.00, about 22.3% above its May 11 closing price of C$94.02

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 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.)