George Weston Q2 FY26 net earnings drop 48.4% to $133 million; revenue rises 4.1% to $15.2 billion
Reuters2026/07/31 11:04- George Weston posted revenue of $15.2 billion, up 4.1%, while net earnings available to common shareholders fell 48.4% to $133 million.
- Diluted net earnings per common share dropped 47.7% to $0.34; the decline was mainly due to a $113 million fair value adjustment on the Trust Unit liability.
- Adjusted EBITDA rose 6.1% to $1.94 billion; adjusted diluted net earnings per common share climbed 12.9% to $1.14.
- Loblaw retail sales increased 4.1%, including 3.3% growth in food retail, while drug retail sales rose 6.1%.
- Choice Properties delivered Same-Asset NOI growth, supported by robust leasing spreads and strong leasing execution across retail and industrial assets.
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