George Weston Q2 2023 Earnings Report

George Weston EPS Results

• Actual EPS: C$2.68
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

George Weston Revenue Results

• Actual Revenue: $13.88 billion
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

George Weston Announcement Details

• Quarter: Q2 2023
• Date: 8/1/2023
• Time: N/A
• Conference Call Date: Tuesday, August 1, 2023
• Conference Call Time: 7:00AM ET

George Weston (TSE:WN) is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston's ownership sits close to 62%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships. This is exemplified by Loblaw being Choice's largest tenant.