George Weston Ltd
WN: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &H | LOCK|m^ | LOCK|h%c&LS |
George Weston Earnings: Affordability Top of Mind for Canadian Shoppers in Tough Macroenvironment
We don’t plan a material change to our CAD 168 fair value estimate for no-moat George Weston, considering that third-quarter results from no-moat Loblaw, which provides 99% of revenue, matched our forecasts: Sales advanced 5% and adjusted EPS rose 12%. George Weston shares trade in a range we consider to be fully valued, and as such, we’d suggest investors remain on the sidelines.
