George Weston Ltd WN

Stock XTSE Rating as of Oct 22, 2026

CA$109.73 +1.74 (1.61%)

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As of Oct 22, 2026, 8:00:01 PM Delayed Price Closed

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Despite a Portfolio Evolution, George Weston Fails to Amass a Competitive Edge

Brett Husslein Aug 12, 2026

George Weston’s strategy is ultimately tethered to Loblaw (98% of revenue), its controlling retail subsidiary, which we do not view as competitively advantaged. Although the holding company also controls Choice Properties, a real estate investment trust that contributes just shy of 20% of EBIT, this property portfolio relies heavily on Loblaw, which accounts for nearly two-thirds of its revenue. Consequently, we view George Weston as a proxy for Loblaw, and its success depends on the retailer’s ability to defend its market standing.

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Price vs Fair Value

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WN is trading at a LOCK|glDB@y premium.

Price

CA$109.73

Oct 22, 2026

Fair Value

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Aug 12, 2026

Uncertainty

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1-Star Price: LOCK|r.W
5-Star Price: LOCK|.b<
Economic Moat: LOCK|#F
Capital Allocation: LOCK|l&#q%>

Bulls Say, Bears Say

Bulls

Greater monetization of PC Optimum’s 18-million-plus members through high-margin retail media (estimated 70% operating margins) could lift Loblaw’s operating margin above our estimates.

Bears

Rising wage rates across Loblaw’s heavily unionized store and distribution network (about 81%) could outpace productivity gains, given the elevated fulfillment costs inherent in the digital channel.

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Trading Information

Previous Close Price: CA$107.99
Day Range: CA$108.97–111.49
52-Week Range: CA$83.18–111.49
Bid/Ask: CA$109.10 / CA$111.00
Shares Outstanding: 374.20M
Market Cap: CA$41.06B
Volume/Avg: 519,471 / 262,563

Key Statistics

Price/Earnings (Normalized): 39.83
Price/Sales: 0.64
Dividend Yield (Trailing): 1.13%
Dividend Yield (Forward): 1.17%
Dividend Payment Schedule: Jan, Apr, Jul, Oct
Total Yield: 6.50%

Company Profile

Founded in 1882, George Weston Limited is a Canadian holding company operating through two core segments: Loblaw Companies and Choice Properties Real Estate Investment Trust. Generating over CAD 64 billion in fiscal 2025 revenue, the firm derives about 98% of its sales from Loblaw, Canada’s largest food and drug retailer. Even at just 2% of total sales, Choice Properties operates as one of Canada’s largest REITs. George Weston controls roughly 52% of Loblaw and 52% of Choice Properties.

Sector: Consumer Defensive
Industry: Grocery Stores
Stock Style Box: Large Value
Total Number of Employees: 220,000
Website: https://www.weston.ca

Competitors

Valuation

Metric	WN	KR	L
Price/Earnings (Normalized)	39.83	13.57	29.08
Price/Book Value	11.07	7.12	7.44
Price/Sales	0.64	0.29	1.29
Price/Cash Flow	7.06	5.52	13.97

Price/Earnings

Financial Strength

Metric	WN	KR	L
Quick Ratio	0.19	0.27	0.18
Current Ratio	1.05	0.70	1.06
Interest Coverage	4.18	3.03	6.25

Quick Ratio

Profitability

Metric	WN	KR	L
Return on Assets (Normalized)	4.57%	6.19%	6.58%
Return on Equity (Normalized)	54.25%	45.66%	24.61%
Return on Invested Capital (Normalized)	9.06%	11.69%	11.09%

Return on Assets

Grocery Stores Industry Comparables

Screen With Investor

Name	Capital Allocation	Economic Moat	Market Cap
Loblaw Companies Ltd ADR LOBLY	—	LOCK\|&Jm	$58B
Loblaw Companies Ltd LBLCF	—	LOCK\|SLR	$58B
Tesco PLC ADR TSCDY	LOCK\|qcjX?l	LOCK\|%F	$45B
Tesco PLC TSCDF	—	LOCK\|PYl	$45B
The Kroger Co KR	LOCK\|?m$QB#H	LOCK\|%w	$40B
Woolworths Group Ltd WOLWF	—	LOCK\|s?	$36B
Koninklijke Ahold Delhaize NV AHODF	—	LOCK\|Cs	$32B
Koninklijke Ahold Delhaize NV ADR ADRNY	LOCK\|#<^vHz@	LOCK\|#&Y	$32B
Seven & i Holdings Co Ltd SVNDF	—	LOCK\|VS	$30B
Seven & i Holdings Co Ltd ADR SVNDY	—	LOCK\|<@	$30B