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George Weston Limited(WN-T)
TSX

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Stocks in play: George Weston Limited

Baystreet - Tue Nov 21, 2023

Today announced its consolidated unaudited results for the 16 weeks ended October 7, Net earnings available to common shareholders of the Company from continuing operations were $610 million, a decrease of $279 million, or 31.4%. Diluted net earnings per common share from continuing operations were $4.41, a decrease of $1.73 per common share, or 28.2%. The decrease was due to the unfavourable year-over-year net impact of adjusting items, primarily driven by the unfavourable year-over-year impact of the fair value adjustment on investment properties. George Weston Limited shares T.WN are trading down $4.67 at $159.97.

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