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George Weston (TSX: WN) wraps up Q1 2023 with decent NPAT growth
© Komkrittor | Megapixl.com
Highlights
George Weston Ltd (TSX: WN) is a Canadian public firm operating through two subsidiaries, namely Loblaw, the largest grocer in Canada and Choice Properties, an open-ended real estate investment trust.
For the first quarter of the year 2023, the company posted revenue growth of about 5.9% to CAD 13,133 million from CAD 12,407 million, while net income increased by 6% on the previous corresponding period. Also, George Weston registered an industry-beating margins profile this quarter, with improved liquidity and cash flows. Moreover, the firm’s adjusted EBITDA rose to CAD 1,507 million in the same reporting period from CAD 1,422 million on pcp.
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