George Weston Ltd WN.TO :
* GEORGE WESTON LIMITED REPORTS FIRST QUARTER 2019 RESULTS AND ANNOUNCES A 1.9% INCREASE TO QUARTERLY COMMON SHARE DIVIDEND(2)
* Q1 ADJUSTED EARNINGS PER SHARE C$1.30
* Q1 LOSS PER SHARE C$3.18
* Q1 EARNINGS PER SHARE ESTIMATE C$1.34 -- REFINITIV IBES DATA
* QTRLY SALES $11,173 MILLION VERSUS $10,744 MILLION
* RECORDED UNFAVOURABLE YEAR-OVER-YEAR NET IMPACT OF ADJUSTING ITEMS TOTALING $691 MILLION IN Q1
* IN 2019, ON A FULL-YEAR COMPARATIVE BASIS, WESTON FOODS EXPECTS SALES WILL BE LOWER VERSUS 2018
* IN 2019, EXCLUDING THE IMPACT OF THE SPIN-OUT OF CHOICE PROPERTIES, LOBLAW EXPECTS TO DELIVER POSITIVE SAME-STORE SALES
* IN 2019, INVESTMENT IN CAPITAL EXPENDITURES WILL DECREASE TO APPROXIMATELY $200 MILLION FOR WESTON FOODS
* IN 2019, TO INVEST APPROXIMATELY $1.1 BILLION IN CAPITAL EXPENDITURE FOR LOBLAW
* FOR 2019, THE COMPANY EXPECTS ADJUSTED NET EARNINGS TO INCREASE