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George Weston (TSX: WN) posts 25% growth in operating income in Q2FY23
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Highlights
Canadian public company George Weston Ltd (TSX: WN) functions through two segments - Loblaw Companies Limited and Choice Properties Real Estate Investment Trust, with a workforce of more than 200,000 professionals.
The company reported a consolidated revenue of CAD 13,738 million in the second quarter of the year 2023, an increase of 6.9% from CAD 12,979 million revenue reported in the previous corresponding period. Consequently, WN posted a growth of 25% in its operating income to CAD 1,099 million in Q2 2023, as compared to CAD 649 million in Q2 2022.
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