George Weston Limited Reports a 4.8% Increase in Adjusted Basic Net Earnings Per Common Share(1) for the Second Quarter of 2013(2).

About this update from George Weston Limited

[{"type":"text","content":"\n\n\nTORONTO, July 30, 2013 /CNW/ - George Weston Limited (TSX: WN) (\"GWL\")\n today announced its consolidated unaudited results for the 12 weeks\n ended June 15, 2013.\n\n\nThe 2013 Second Quarter Report to Shareholders of George Weston Limited\n and its subsidiaries, together referred to as the \"Company\", including\n the Company's unaudited interim period condensed consolidated financial\n statements and Management's Discussion and Analysis (\"MD&A\") for the 12\n and 24 weeks ended June 15, 2013, is available in the Investor Centre\n section of the Company's website at www.weston.ca and has been filed with the System for Electronic Document Analysis and\n Retrieval (\"SEDAR\") and will be available at www.sedar.com.\n\n\n2013 Second Quarter Summary\n\n\n\nAdjusted basic net earnings per common share(1) growth of 4.8% to $1.10 from $1.05 in the second quarter of 2012.\n\n\nAdjusted operating income(1) growth of 7.7% to $392 million.\n\n\nSales growth of 2.2% to $7,792 million.\n\n\n\n\"George Weston Limited's second quarter delivered operating results in\n line with expectations. GWL's investment in Choice Properties REIT,\n which recently completed its initial public offering, and GWL's\n financial support for Loblaw's acquisition of Shoppers Drug Mart\n underscore our strong belief in their ability to create value for\n George Weston Limited's shareholders. We are well positioned in Loblaw,\n Weston Foods, and Choice Properties REIT to continue delivering\n shareholder value\", said W. Galen Weston, Executive Chairman, George\n Weston Limited.\n\n\n\n\n\n\n\nCONSOLIDATED RESULTS OF OPERATIONS\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n(unaudited)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n($ millions except where otherwise indicated)\n\n\n \n\n\n12 Weeks Ended\n\n\n \n\n\n \n\n\n \n\n\n   \n\n\n \n\n\n24 Weeks Ended     &#xA...

More updates from George Weston Limited