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BRIEF-George Weston Limited Reports Q4 Earnings Per Share C$0.22

Published 2018-03-02, 06:16 a/m
© Reuters. BRIEF-George Weston Limited Reports Q4 Earnings Per Share C$0.22
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March 2 (Reuters) - George Weston Ltd WN.TO :

* GEORGE WESTON LIMITED REPORTS 2017 FOURTH QUARTER ANDFISCALYEAR ENDED DECEMBER 31, 2017 RESULTS(2)

* Q4 ADJUSTED EARNINGS PER SHARE C$1.78

* Q4 EARNINGS PER SHARE C$0.22

* SEES 2018 WESTON FOODS SALES WILL BE ESSENTIALLY FLAT TO2017‍​

* SEES 2018 WESTON FOODS INVESTMENT IN CAPITAL EXPENDITURESOFAPPROXIMATELY $230 MILLION

* QTRLY SALES $11.41 BILLION VERSUS $11.52 BLN‍​

* Q4 EARNINGS PER SHARE VIEW C$1.67, REVENUE VIEW C$11.44BILLION-- THOMSON REUTERS I/B/E/S

* SAYS FOR 2018, COMPANY EXPECTS ADJUSTED NET EARNINGS TO BEESSENTIALLY FLAT DUE TO RESULTS OF LOBLAW AND WESTON FOODS

* HEADWINDS FROM MINIMUM WAGE INCREASES AND HEALTHCAREREFORM WILLNEGATIVELY IMPACT LOBLAW'S FINANCIAL PERFORMANCE IN 2018‍​

* CO, LOBLAW HAVE NOT RECORDED ANY AMOUNTS RELATED TOPOTENTIALCIVIL LIABILITY ASSOCIATED WITH CLASS ACTION LAWSUITS IN Q42017​

* ‍IN Q4 OF 2017, WESTON FOODS RECORDED RESTRUCTURING ANDOTHERCHARGES OF $33 MILLION​

* GEORGE WESTON - CO, ‍ LOBLAW WILL NOT FACE CRIMINALCHARGES ORPENALTIES DUE TO ADMISSION OF PARTICIPATION IN INDUSTRY-WIDEPRICE-FIXING ARRANGEMENT​

* GEORGE WESTON - LOBLAW EXPECTS ANNOUNCED HEALTHCARE REFORMTOHAVE ADDITIONAL IMPACT OF ABOUT $250 MILLION ON OPERATINGINCOME‍​ IN 2018

* QTRLY LOBLAW SEGMENT ‍SALES $11.03 BILLION VERSUS $11.13BILLION​

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