The Canadian holding company, which operates Choice Properties and has a controlling stake in grocer Loblaw, on Wednesday posted net income attributable to common shareholders of 280 million Canadian dollars ($204.7 million), or C$0.72 a share, down from C$664 million, or C$1.68 a share, in the comparable quarter a year earlier.

The drop was mainly due to the value of the trust unit liability, which the company said moved in an unfavorable direction compared with last year.

On an adjusted basis, which strips out one-off costs and exceptional items, earnings came to C$1.21 a share. According to FactSet, analysts were expecting C$1.26 a share.

Revenue rose over 11% to C$16.54 billion, missing forecasts of C$16.89 billion.

Chairman and Chief Executive Galen Weston said the company had another solid year in 2025, with Loblaw attracting more shoppers with new stores in more communities, while Choice Properties saw steady demand for its grocery-anchored retail sites and industrial buildings.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

03-04-26 0812ET

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Approximate price	Change	5d. change	Capi.
GEORGE WESTON LIMITED	96.67CAD	-2.18%	-3.09%	27.04B
ASSOCIATED BRITISH FOODS PLC	1,882.00GBX	-1.98%	-0.45%	18.19B
LOBLAW COMPANIES LIMITED	62.20CAD	-1.60%	-3.95%	53.28B
CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST	16.02CAD	+0.19%	+1.84%	3.79B

Latest news about George Weston Limited

Mar. 10	Loblaw Reports Data Breach Involving Customer Contact Information	MT
Mar. 10	Loblaw Brief: Notifing Customers Of A Low-Level Data Breach	MT
Mar. 05	George Weston Limited announces Quarterly dividend, payable on April 01, 2026	CI
Mar. 04	George Weston Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2025	CI
Mar. 04	George Weston Books Higher Adjusted Net Earnings YoY in Q4 2025	MT
Mar. 04	George Weston 4Q Profit Drops on Trust Unit Liability Adjustment	DJ
Mar. 04	Tranche Update on George Weston Limited (TSX:WN)'s Equity Buyback Plan announced on May 23, 2025.	CI
Feb. 25	Loblaw Q4 Adjusted Earnings, Revenue, Advance	MT
Feb. 25	Tranche Update on Loblaw Companies Limited (TSX:L)'s Equity Buyback Plan announced on May 2, 2025.	CI
Feb. 23	Loblaw Brief: Adds Investment Is Part Of A 5-Year Plan To Invest $10 Billion In Canadian Communities By 2030	MT
Feb. 23	Loblaw Brief: Says To Invest $2.4 Billion In Canadian Economy In 2026, With Plans To Build 70 New Stores And Create Well Over 9,000 Jobs	MT
Jan. 23	Loblaw Reiterated as Grocery Top Pick at RBC	MT
Jan. 08	AB Foods cuts profit forecast on Primark discounting, US weakness	RE
Dec. 31	TSX Down 100 Points at Midday, Most Sectors Lower	MT
Dec. 31	Grocery Industry's New Code of Conduct To Take Full Effect on Jan. 1	MT

Galen Weston

Willard Gordon Galen Weston, OC, OOnt (born October 29, 1940) is an English-Canadian businessman and philanthropist as well as Executive Chairman of George Weston Limited, a leading food processing and distribution company. W. Galen Weston and family, with an estimated net worth of $US 8.9 billion, are listed as the second wealthiest in Canada and 147th in the world by Forbes magazine (March 2014).

In addition to being one of the country’s leading bakers through wholly owned subsidiary Weston Foods, Galen Weston is also an experienced supermarket retailer who maintains controlling interest in Loblaw Companies, Canada’s largest food retailer, through a family holding company. Weston is also head of the world’s second largest luxury goods retailer as Chairman of Holt Renfrew in Canada and the Selfridges Group, owner of Selfridges in the United Kingdom, Brown Thomas of Ireland, the De Bijenkorf department store chain in the Netherlands, and the recently acquired Ogilvy department store in Montreal. W. Galen Weston is Chairman of The W. Garfield Weston Foundation, a family-based private charitable trust which has made close to $200 million in donations over the past decade.

Early years

W. Galen Weston was born to Reta and W. Garfield Weston at Marlow, Buckinghamshire, near London, England, in October 1940 – the youngest of nine children. Garfield, a Canadian businessman whose father George Weston established George Weston Limited, had successfully expanded overseas during the 1930s by acquiring and modernising biscuit and bread factories throughout the United Kingdom. In 1945, Weston and family returned to Canada but moved frequently as Garfield pursued various business ventures, which included supermarket chains in North America and Europe. Growing up, Galen Weston worked in the stores that comprised his father’s retail holdings. He once noted, “I’ve been a bag boy a thousand times in five languages.”

Ireland

In 1961, after studying business administration at the University of Western Ontario, Galen Weston moved to Dublin to set up a grocery store with his own money. A second location followed and the outlets evolved into the “Powers” chain of supermarkets. Weston found the Irish Republic a land of opportunity:

Source @ Wikipedia

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WN: Dynamic Chart

Company Profile

George Weston Limited is a Canada-based company. The Company operates through its two reportable segments: Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. Choice Properties owns, manages and develops a high-quality portfolio of commercial and residential properties across Canada.

Employees

220,000

Sector

Food Retail & Distribution

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