Canadian food processor and distributor George Weston has posted higher second-quarter profit, boosted by the strong performance by its Loblaw grocery retailer.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The Toronto-based company reported earnings of C$193m (US$138.0m), or $1.42 a share, for the quarter to 30 June, compared with $161m, or $1.17 a share, for the year-ago period.


Revenues rose to $6.8bn from $6.3bn in the year-ago period.


Analysts polled by Reuters had expected earnings of $1.37 a share, on revenues of $6.74bn.


Loblaw, which accounts for around 80% of George Weston’s sales, recently reported a 22% rise in second-quarter profit, on a 9% rise in supermarket sales.


 

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now