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BRIEF-George Weston Reports Q4 Adjusted Earnings Per Share C$2.03

Published 2021-03-02, 06:07 a/m
© Reuters.
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March 2 (Reuters) - George Weston Ltd WN.TO :

* GEORGE WESTON LIMITED REPORTS 2020 FOURTH QUARTER AND FISCAL YEAR ENDED DECEMBER 31, 2020 RESULTS(2)

* Q4 ADJUSTED EARNINGS PER SHARE C$2.03

* Q4 EARNINGS PER SHARE C$1.88

* Q4 EARNINGS PER SHARE ESTIMATE C$1.92 -- REFINITIV IBES DATA

* FOR 2021, COMPANY EXPECTS ADJUSTED NET EARNINGS TO INCREASE

* EXPECTS TO RETURN CAPITAL TO SHAREHOLDERS THROUGH SHARE REPURCHASES IN 2021

* QTRLY REVENUE$13.81 BILLION VERSUS $12.11 BILLION

* LOBLAW CANNOT PREDICT PRECISE IMPACTS OF COVID-19 ON ITS 2021 FINANCIAL RESULTS.

* Q4 REVENUE VIEW C$14.06 BILLION -- REFINITIV IBES DATA

* LOBLAW ANTICIPATES THAT GROCERY SALES WILL REMAIN ELEVATED IN FIRST HALF

* AS ECONOMIES REOPEN, LOBLAW 2021 REVENUE GROWTH WILL BE CHALLENGED COMPARED TO ELEVATED 2020 SALES

* LOBLAW EXPECTS THAT IN 2021 COSTS WILL BE LOWER COMPARED TO THOSE INCURRED IN 2020

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