- George Weston’s third-quarter revenue reached C$18.69 billion, marking a 1.5% year-over-year increase.
- Revenue was in line with expectations, slightly below the estimated C$18.81 billion.
- Loblaw’s revenue for the same period was C$18.54 billion, up 1.5% from the previous year but slightly below the C$18.71 billion estimate.
- Choice Properties recorded a revenue increase of 4.6% year-over-year, achieving C$340 million, although this was below the anticipated C$349.8 million.
- Adjusted EBITDA rose by 6.9% year-over-year to C$2.16 billion, slightly surpassing the C$2.15 billion estimate.
- Galen G. Weston, Chairman and CEO of George Weston Limited, highlighted the positive results driven by strong performance in the company’s core businesses.
- Loblaw saw increased customer traffic, attributed to its exceptional value, quality, and service.
- Choice Properties benefited from higher demand for retail spaces and favorable leasing conditions in its industrial sector.
- Analyst recommendations for the company included 5 buy ratings, 2 hold ratings, and 1 sell rating.
A look at George Weston Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
George Weston Limited, a supermarket operator in Canada, has a mixed outlook based on the Smartkarma Smart Scores. While the company scores well on growth and momentum factors with a rating of 4 for Growth and 5 for Momentum, it falls short in terms of value, dividend, and resilience, scoring a 2 on each. This suggests that investors may see potential for long-term growth and positive market performance, but should also consider the company’s lower ratings in other areas.
In summary, George Weston Limited, primarily engaged in food and pharmacy product distribution, demonstrates strong growth potential and market momentum. However, its lower scores in value, dividend, and resilience indicate a somewhat less optimistic outlook in these areas. Investors interested in this company should carefully weigh these factors in their long-term investment decisions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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