George Weston Ltd. WN-T reported its first-quarter profit rose compared with year ago, helped by strength across its businesses.
The company, which holds large stakes in Loblaw Cos. Ltd. L-T and Choice Properties Real Estate Investment Trust CHP-UN-T, says it earned a profit available to common shareholders totalling $106-million or 27 cents per diluted share for the quarter ended March 28.
The result compared with a profit of $83-million or 21 cents per diluted share in the same quarter last year.
Revenue totalled $14.64-billion, up from $14.05-billion in the first quarter of 2025.
On an adjusted basis, George Weston says it earned 91 cents per share in its latest quarter compared with a adjusted profit of 86 cents per share a year earlier.
Chair and chief executive Galen Weston says the company delivered another quarter of strong financial results, reflecting consistent performance across its businesses.
In its press release, the company said it is increasing the quarterly common share dividend by 8 per cent.
with a report by Globe staff