Canadian food processor and distributor, George Weston, has reported higher first-quarter profits, helped by a better performance by its grocery chain Loblaw.
The company reported earnings of C$134m (US$95.9m), or 96 cents a share, for the first quarter to late March, compared with $108m, or 79 cents a share, in the year-ago period.
George Weston’s sales increased 7% to $6.4bn from $6.0bn a year earlier.
Analysts polled by Reuters Research had forecast earnings of 93 cents a share on revenues of $6.43bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData