George Weston Limited: Timing of 2024 Fourth Quarter and Fiscal Year Earnings Release

George Weston Limited (TSX: WN), a leading Canadian food and drug retailing and financial services company, has announced the timing of its 2024 fourth quarter and fiscal year earnings release. The company will release its financial results for the quarter and full year on February 28, 2025. This announcement comes as investors and analysts eagerly await the company's performance for the year, following a challenging 2023 marked by a decline in earnings.

In 2023, George Weston's revenue was $60.12 billion, an increase of 5.39% compared to the previous year's $57.05 billion. However, earnings were $1.50 billion, a decrease of -15.58% compared to the previous year. This decline was primarily due to an unfavorable year-over-year impact from the fair value adjustment of Choice Properties' Trust Unit liability. Despite this setback, the company's revenue growth has been strong, and its earnings growth has been volatile, with a significant decline in net earnings available to common shareholders in the third quarter of 2024.



The company's earnings performance can be attributed to several key drivers, including the strong performance of its Loblaw segment, particularly in its retail and pharmacy businesses, and the steady performance of its Choice Properties real estate portfolio. However, the company's earnings growth has been lower than the industry average, which may be due to increased competition, higher input costs, or other challenges facing the company.



As the company prepares to release its 2024 fourth quarter and fiscal year earnings, investors and analysts will be closely watching its performance. The company's earnings growth has been volatile, with a significant decline in net earnings available to common shareholders in the third quarter of 2024. However, the company's revenue growth has been strong, and its earnings growth is expected to be higher than the industry average over the next three years. As the company continues to navigate the challenges of the retail and real estate sectors, investors will be looking for signs of improvement in its earnings performance.

In conclusion, George Weston Limited's announcement of the timing of its 2024 fourth quarter and fiscal year earnings release is an important milestone for the company and its investors. As the company prepares to report its financial results, investors and analysts will be closely watching its performance, particularly in light of the challenges it faced in 2023. With strong revenue growth and expected earnings growth, George Weston Limited is well-positioned to continue its success in the coming years.