George Weston reports $280M Q4 profit, revenue up 11 per cent

A man leaves a Loblaws store in Toronto on Thursday, May 3, 2018. THE CANADIAN PRESS/Nathan Denette

TORONTO — George Weston Ltd. reported a fourth-quarter profit available to common shareholders of $280 million as its revenue rose 11 per cent compared with a year ago.

The company, which owns a majority stake in Loblaw Cos. Ltd. and a large stake in Choice Properties Real Estate Investment Trust, says the profit amounted to 72 cents per diluted share for the 13-week period ended Dec. 31.

The result compared with a profit of $664 million or $1.68 per diluted share for the 12-week period at the end of 2024.

• Real-time TSX market updates here

Revenue totalled $16.54 billion for the quarter, up from $14.87 billion a year earlier.

On an adjusted basis, George Weston says it earned $1.21 per diluted share in its latest quarter, up from an adjusted profit of $1.05 per diluted share in the fourth quarter of 2024.

Chairman and chief executive Galen Weston says 2025 marked another strong year as Loblaw gained customers and Choice Properties benefited from tenant demand.