George Weston 4Q Profit Drops on Trust Unit Liability Adjustment
By Adriano Marchese
George Weston's fourth-quarter profit fell as a negative shift in the value of its trust unit liability outweighed revenue growth.
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
March 04, 2026 08:12 ET (13:12 GMT)
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