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