George Weston Limited (TSE:WN) has released an update.
George Weston Limited experienced a robust first quarter in 2024, boasting a 10.6% rise in adjusted net earnings and a significant 15.0% increase in its quarterly dividend, reflecting strong performances from subsidiaries Loblaw and Choice Properties. The company reported overall revenue growth of 4.6% and an increase in adjusted EBITDA by 7.7%, despite facing macroeconomic uncertainties and lower net earnings due to adjusting items. This financial momentum is partly attributed to Loblaw’s market share gains in food retail and Choice Properties’ successful real estate transactions and developments.
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