George Weston Limited
WN.TO
Toronto Stock Exchange97.15
CAD
-2.49
- -
George Weston Limited
WN.TO
(Toronto Stock Exchange)
Recent
price
97.15
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- George Weston Limited is a Canadian public holding company that owns controlling interests in Loblaw Companies Limited, Canada's largest food and pharmacy retailer, and Choice Properties Real Estate Investment Trust, a leading diversified real estate investment trust; the company operates primarily in Canada with over 200,000 employees across its segments. Founded in 1882 and headquartered in Toronto, Ontario, George Weston focuses on retail and real estate through Loblaw, which provides grocery products under banners including Loblaws, No Frills, Real Canadian Superstore, Maxi, Fortinos, Zehrs, Your Independent Grocer, Valu-Mart, and Dominion; pharmacy and healthcare services via Shoppers Drug Mart and Pharmaprix with over 150 pharmacy care clinics; apparel through Joe Fresh; health and beauty products under Life Brand; financial services via PC Financial and PC Optimum loyalty program; and private labels such as President's Choice, No Name, PC Organic, Blue Menu, and Exact; and through Choice Properties, which owns, operates, and develops necessity-based grocery-anchored retail properties, well-located industrial sites, and mixed-use residential assets concentrated in major Canadian markets with top tenants including Loblaw, Canadian Tire, Amazon, and Walmart. Loblaw's core offerings encompass food retail same-store sales growth of 1.5% in 2024 driven by hard discount banners and traffic increases, drug retail same-store sales growth of 2.4% led by specialty prescriptions and beauty, and financial services revenue growth; Choice Properties maintains 97.6% occupancy, strong same-asset cash NOI growth of 3.1%, and a portfolio yielding stable funds from operations with an adjusted debt to EBITDAFV ratio of 7.0x. Recent developments include the 2021 sale of the Weston Foods bakery business including brands like Wonder Bread, Country Harvest, D'Italiano, and ACE Bakery to FGF Brands, enabling a sharpened focus on retail and real estate; in 2024, Loblaw opened or converted over 60 Maxi and No Frills hard discount stores, 21 new Shoppers Drug Mart locations with pharmacy clinics, and advanced personalized PC Optimum promotions redeeming over $1 billion in points while ramping up the East Gwillimbury distribution centre; Choice Properties executed $426.5 million in transactions to enhance portfolio quality, delivered 1.1 million square feet of new commercial space and 302 rental residential units, and introduced a Social Impact Framework; the company also increased its annualized dividend per common share by 15.0% to $3.28, repurchased shares under its normal course issuer bid, and reported consolidated 2024 revenue of $61,608 million, adjusted EBITDA of $7,401 million, and adjusted net earnings available to common shareholders of $1,597 million. In the first half of 2025 through June 14, George Weston achieved Q2 revenue of $14,823 million (up 5.2%), adjusted EBITDA of $1,923 million (up 6.5%), and year-to-date adjusted net earnings available to common shareholders of $740 million amid strong Loblaw same-store sales, new store openings totalling 20 food stores and 23 pharmacy clinics year-to-date, and Choice Properties' $427 million in transactions.