CANADA: Weston reports Q4 profit slump but full-year rise
Canadian baker and owner of the Loblaw grocery chain George Weston has reported Q4 profits down 4% to C$231m (US$151.1m) during the three months ended 5 January, down from $240m during the same period of the previous year. A rise in expenses and a wider loss in the fisheries division were blamed for the disappointing quarterly profits. Sales performed well during the quarter, rising 7% to $6.6bn compared with $6.2bn during the year-ago period.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- CAGNY analysis: Danone's growth strategy
- Wessanen eyes growth in "resurgent" organic market
- Unilever launches operational review
- Glanbia focuses on nutrition with Irish dairy spin
- Bonduelle to buy US produce group Ready Pac Foods
- Mondelez launches savoury snacks brand Vea
- Maple Leaf buys US plant-based group Lightlife