Canada NewsWire
TORONTO, July 29, 2016
TORONTO, July 29, 2016 /CNW/ - George Weston Limited (TSX: WN) ("GWL" or the "Company") today announced its consolidated unaudited results for the 12 weeks ended June 18, 2016.
GWL's 2016 Second Quarter Report to Shareholders has been filed with SEDAR and is available at sedar.com and in the Investor Centre section of the Company's website at weston.ca.
Pavi Binning, President and Chief Executive Officer, George Weston Limited, commented that "George Weston Limited's second quarter results reflect the Company's operating segments' progress on their strategic priorities. Loblaw achieved its target of annualized synergies of $300 million since the acquisition of Shoppers Drug Mart and grew earnings as it delivered same-store sales growth, stable gross margins and efficiencies. Weston Foods delivered sales and volume growth and results in line with expectations."
2016 SECOND QUARTER HIGHLIGHTS
(unaudited) | | | | | | | | | |||||||||
($ millions except where otherwise indicated) | | 12 Weeks Ended | | | | 24 Weeks Ended | | | |||||||||
For the periods ended as indicated | | Jun. 18, 2016 | | Jun. 20, 2015 | | Change | | Jun. 18, 2016 | | Jun. 20, 2015 | | Change | |||||
Sales | | $ | 11,075 | | $ | 10,851 | | 2.1% | | $ | 21,875 | | $ | 21,260 | | 2.9% | |
Adjusted EBITDA(1) | | $ | 981 | | $ | 913 | | 7.4% | | $ | 1,871 | | $ | 1,763 | | 6.1% | |
Adjusted EBITDA margin(1) | | | 8.9% | | | 8.4% | | | | | 8.6% | | | 8.3% | | | |
Net earnings attributable to shareholders | | | | | | | | | | | | | | | | | |
| of the Company | | $ | 143 | | $ | 51 | | 180.4% | | $ | 190 | | $ | 218 | | (12.8)% |
Net earnings available to common shareholders | | | | | | | | | | | | | | | | | |
| of the Company | | $ | 133 | | $ | 41 | | 224.4% | | $ | 170 | | $ | 198 | | (14.1)% |
Adjusted net earnings available to common | | | | | | | | | | | | | | | | | |
| shareholders of the Company(1) | | $ | 200 | | $ | 170 | | 17.6% | | $ | 368 | | $ | 322 | | 14.3% |
Diluted net earnings per common share ($) | | $ | 1.04 | | $ | 0.31 | | 235.5% | | $ | 1.31 | | $ | 1.53 | | (14.4)% | |
Adjusted diluted net earnings per common share(1) ($) | | $ | 1.56 | | $ | 1.32 | | 18.2% | | $ | 2.85 Werbung Mehr Nachrichten zur George Weston Aktie kostenlos abonnieren
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