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.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now