George Weston Limited (T:WN)
Business Focus: Food Retail & Distribution (NEC)
| Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
| Company Contact | |
| Address: | 22 St. Clair Avenue East TORONTO ON M4T 2S7 |
| Tel: | N/A |
| Website: | https://www.weston.ca/en/Home.aspx |
| IR: | See website |
| Key People | ||
| Galen G. Weston Chairman of the Board, Chief Executive Officer; Executive Chairman and President of Loblaw | Barry K. Columb Executive Vice President, Loblaw and President, President's Choice Financial | Richard Dufresne President, Chief Financial Officer; Chief Financial Officer of Loblaw |
| Rael L. Diamond President and Chief Executive Officer of Choice Properties | Gordon A. M. Currie Executive Vice President, Chief Legal Officer | Rashid Wasti Executive Vice President, Chief Talent Officer |
| Anemona Turcu Group Chief Risk Officer | Andrew Bunston Vice President, General Counsel, Secretary | Lina Taglieri Group Head, Controller | John Williams Group Treasurer and Head of Corporate Finance |
| Business Overview |
| George Weston Limited is a Canada-based company. The Company operates through two segments: Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). Loblaw has two reportable operating segments, retail and financial services. Loblaw's retail segment consists primarily of food retail and drug retail. Loblaw provides Canadians with grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise and financial services. Choice Properties owns, manages and develops a high-quality portfolio of commercial and residential properties across Canada. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, George Weston Ltd revenues increased 5% to C$60.12B. Net income applicable to common stockholders excluding extraordinary items decreased 16% to C$1.5B. Revenues reflect Choice Properties segment increase of 6% to C$1.34B, Retail Sales-Loblaw increase of 5% to C$59.53B. Net income was offset by Other segment loss totaling C$334M vs. income of C$136M. |
| Employees: | 220,000 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $42,965M as of Dec 31, 2023 |
| Annual revenue (TTM): | $60,124M as of Dec 31, 2023 |
| EBITDA (TTM): | $7,013M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,496M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3,084M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $18,379M as of Dec 31, 2023 |
| Shares outstanding: | 133,750,567 as of Apr 17, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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