George Weston Limited - 2011 Second Quarter Results(1).

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[{"type":"text","content":"\n\n\n\n \n TORONTO, \n July 29, 2011/CNW/ - \n George WestonLimited (TSX: WN) (\"GWL\") and its subsidiaries (collectively the \"Company\") today is announcing its unaudited results for the 12 weeks ended \n June 18, 2011.\n The Company's Q2 2011 Quarterly Report to Shareholders, including the Company's interim period condensed consolidated financial statements and Management's Discussion and Analysis (\"MDA\") for the 12 and 24 weeks ended \n June 18, 2011, is available in the Investor Centre section of the Company's website at \n www.weston.caand has been filed with the System for Electronic Document Analysis and Retrieval (\"SEDAR\") and will be available at \n www.sedar.com.\n \n CONSOLIDATED RESULTS OF OPERATIONS\n George WestonLimited's second quarter 2011 adjusted basic net earnings per common share\n (2)were \n $1.34compared to \n $1.17in the same period in 2010, an increase of \n $0.17. Although adjusted operating income\n (2)declined compared to the same period in 2010, adjusted basic net earnings per common share\n (2)improved due to decreases in both net interest expense and other financing charges and income tax expense.\n (unaudited)\n \n \n \n \n ($ millions except where\n 12 Weeks Ended\n \n 24 Weeks Ended\n \n otherwise indicated)\n \n Ju\n n.\n 18, 2011\n Jun. 19, 2010\n Change\n \n Jun. 18,\n 2011\n Jun. 19, 2010\n Change\n Sales\n \n $\n \n 7,531\n $7,482\n 0.7%\n \n $\n \n \n 14,6\n 79\n $14,646\n 0.2%\n Operating income\n \n $\n \n \n \n \n 397\n $407\n (2.5)%\n \n $\n \n \n \n \n \n \n 700\n $707\n (1.0)%\n Operating margin\n \n 5.3%\n 5.4%\n \n \n 4.8%\n 4.8%\n \n Adjusted operating income\n (2)\n \n $\n \n \n \n \n 4\n 40\n $447\n (1.6)%\n \n $\n \n \n \n \n \n \n \n 820\n $792\n 3.5%\n Adjusted operating margin\n (2)\n \n 5.\n 8%\n 6.0%\n \n \n 5.6%\n 5.4%\n \n Net interest expense and other financing charges\n \n $\n \n \n \n \n \n \n 98\n $115\n (14.8)%\n \n $\n \n \n \n \n \n \n 164\n $258\n (36.4)%\n Net earnings attributable to shareholders of the Company\n \n $\n \n \n \n \n 157\n $128\n 22.7%\n \n $\n \n \n \n \n \n \n 262\n $165\n 58.8%\n Basic net earnings per common share ($)\n \n $\n \n \n \n 1.\n 13\n $0.91\n 24.2%\n \n $\n \n \n \n \n \n 1.87\n $1.12\n 67.0%\n Adjusted basic net earnings per common share ($)\n (2)\n \n $\n \n \n \n 1.34\n $1.17\n 14.5%\n \n $\n \n \n \n \n \n 2.41\n $1.91\...

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