Corrected: Canadian retailer George Weston beats Q2 revenue estimates, announces stock split

George Weston

29/07/2025 11:10

Corrects to C$ from US$ in bullets

Overview

George Weston Q2 revenue up 5.2%, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 misses analyst estimates, per LSEG data

Co announces 3-for-1 stock split to enhance share accessibility

Outlook

Company maintains 2025 outlook for adjusted net earnings increase

Loblaw expects high single-digit EPS growth in 2025

Choice Properties targets 2%-3% Same-Asset NOI growth

Loblaw plans C$1.9 bln net capital expenditures in 2025

Result Drivers

LOBLAW PERFORMANCE - Strong sales growth driven by new store openings and improved same-store sales, with increased customer engagement through loyalty rewards and promotions

FOOD RETAIL GROWTH - Increased traffic, basket size, and item count in food retail, led by hard discount and Real Canadian Superstores banners

CHOICE PROPERTIES - Robust demand for grocery-anchored retail and industrial assets supported performance, with C$427 mln in transactions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$14.82 bln
C$14.78 bln (2 Analysts)
Q2 Adjusted EPS
Miss
C$3.06
C$3.37 (5 Analysts)
Q2 EPS
C$1.96
Q2 Adjusted EBITDA
C$1.92 bln
Q2 Adjusted EBITDA Margin
13.0%
Q2 Operating Income
C$1.44 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and 1 "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$300.00, about 12.5% above its July 28 closing price of C$262.56

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nCNWmLb5ma

 (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.)