Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Marianne Harris was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 16
George Weston Limited announces Quarterly dividend, payable on July 01, 2026 George Weston Limited announced Quarterly dividend of CAD 0.3218 per share payable on July 01, 2026, ex-date on June 15, 2026 and record date on June 15, 2026. Announcement • Apr 15
George Weston Limited to Report Q1, 2026 Results on May 12, 2026 George Weston Limited announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on May 12, 2026 Announcement • Mar 06
George Weston Limited announces Quarterly dividend, payable on April 01, 2026 George Weston Limited announced Quarterly dividend of CAD 0.2979 per share payable on April 01, 2026, ex-date on March 13, 2026 and record date on March 15, 2026. Announcement • Feb 23
George Weston Limited, Annual General Meeting, May 12, 2026 George Weston Limited, Annual General Meeting, May 12, 2026. Location: ontario, hybrid meeting, toronto Canada Announcement • Feb 04
George Weston Limited to Report Q4, 2025 Results on Mar 04, 2026 George Weston Limited announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Mar 04, 2026 Announcement • Nov 19
George Weston Limited announces Quarterly dividend, payable on January 01, 2026 George Weston Limited announced Quarterly dividend of CAD 0.2979 per share payable on January 01, 2026, ex-date on December 15, 2025 and record date on December 15, 2025. Announcement • Oct 18
George Weston Limited to Report Q3, 2025 Results on Nov 14, 2025 George Weston Limited announced that they will report Q3, 2025 results at 7:00 AM, Eastern Standard Time on Nov 14, 2025 Announcement • Sep 12
Strosberg Wingfield Sasso LLP and Orr Taylor LLP Announce Commencement of Claims Process for $500 Million National Settlement Reaches with George Weston Limited and Loblaw Companies Limited Strosberg Wingfield Sasso LLP and Orr Taylor LLP announced the commencement of the claims process for the $500 million national settlement reached with George Weston Limited (Weston) and Loblaw Companies Limited (Loblaw) for their involvement in nationwide class action lawsuits related to alleged industry-wide price fixing of Packaged Bread sold in Canada between 2001 and 2021. The settlement agreement, approved by the applicable Courts, provides for a cash payment by Weston and Loblaw of $404 million (Loblaw having previously advanced $96 million through the earlier Loblaw Card Program). These settlement funds, less any court-approved expenses, are allocated 78% for settlement class members resident in Canada outside of Quebec and 22% for settlement class members resident in Quebec. Eligible Canadian residents who purchased Packaged Bread (including packaged bread products and bread alternatives, such as bagged bread, buns, rolls, bagels, naan bread, English muffins, wraps, pita and tortillas) for their personal use between January 1, 2001 and December 31, 2021, inclusive, must submit a completed claim form by December 12, 2025 to claim compensation from the settlement. Proof of purchase is not required. Individuals who previously received a $25 Loblaw card from the Loblaw Card Program may submit a claim for additional compensation, but they will only be paid an incremental amount above the value of the $25 Loblaw card they received if there are sufficient settlement funds available, and only if the incremental amount is more than the $5 minimum payment threshold set for the settlement. Settlement funds allocated for businesses or entities in Canada that purchased Packaged Bread for resale in the period 2001 to 2021, inclusive, are being held in Trust at this time and will be distributed as the Courts direct at a later date. The class actions continue against the remaining defendants, Canada Bread, Sobeys, Metro, Wal-Mart Canada and Giant Tiger. Announcement • Jul 31
George Weston Limited announces Quarterly dividend, payable on October 01, 2025 George Weston Limited announced Quarterly dividend of CAD 0.8938 per share payable on October 01, 2025, ex-date on September 15, 2025 and record date on September 15, 2025. Announcement • Jul 02
George Weston Limited to Report Q2, 2025 Results on Jul 29, 2025 George Weston Limited announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jul 29, 2025 Announcement • May 09
George Weston Limited Declares Quarterly Cash Dividend on Common Shares Payable on July 1, 2025 Subsequent to the end of the first quarter of 2025, the Board of Directors of George Weston Limited declared a quarterly dividend of $0.8938 per share on
Common Shares payable July 1, 2025, to shareholders of record June 15, 2025. Announcement • Apr 08
George Weston Limited to Report Q1, 2025 Results on May 06, 2025 George Weston Limited announced that they will report Q1, 2025 results at 7:00 AM, Eastern Daylight on May 06, 2025 Announcement • Mar 12
Renno & Vathilakis Inc. Announces Settlement Agreement with George Weston Limited and Loblaw Companies Limited Joey Zukran of LPC Avocats and Michael Vathilakis of Renno & Vathilakis Inc. announced that the $500 million settlement agreement with George Weston Limited (Weston) and Loblaw Companies Limited (Loblaw) to settle their involvement in nationwide class action lawsuits related to industry-wide price fixing for certain packaged bread products was executed by the parties on January 31, 2025. The settlement is subject to court approval in Ontario and Quebec. The Ontario Settlement Approval Hearing will take place in Toronto on May 5, 2025. The Quebec Settlement Approval Hearing will take place in Montreal on June 16, 2025. If the settlement is approved, it will resolve all claims against Loblaw and Weston relating to this matter and Loblaw, Weston and related companies will receive a full and final release on behalf of all individuals and businesses resident in Canada who purchased Packaged Bread for personal use or for resale from January 1, 2001 to December 31, 2021. The settlement provides for a cash payment by Weston and Loblaw of $404 million, with $96 million already paid by Loblaw through the previously announced Loblaw Card Program. The settlement funds, less court-approved expenses, will be allocated 78% for settlement class members resident in Canada outside Quebec and 22% for settlement class members resident in Quebec, and distributed for the benefit of eligible class members in accordance with a plan of distribution to be approved by the courts. The settlement also provides access to information that will be used in continuing the case against the remaining defendants Canada Bread, Sobeys, Metro, Wal-Mart Canada, and Giant Tiger. The proposed plan of distribution provides that individuals who purchased Packaged Bread for their personal use and not for resale may claim compensation against 99.5% of net settlement funds allocated for consumers through a claims process to be established. The amount of their compensation will depend on the number of approved claims. The courts will decide at a later time how the 0.5% of net settlement funds allocated for businesses and other purchasers of Packaged Bread for resale in the same or a modified form will be distributed. Announcement • Feb 26
George Weston Limited Declares Fourth Quarter 2024 Dividend on Common Shares, Payable on April 1, 2025 George Weston Limited announced that subsequent to the end of the fourth quarter of 2024, the Company's Board of Directors declared a quarterly dividend on GWL Common Shares of $0.820 per share payable April 1, 2025, to shareholders of record March 15, 2025. Announcement • Feb 17
George Weston Limited, Annual General Meeting, May 06, 2025 George Weston Limited, Annual General Meeting, May 06, 2025. Location: ontario, toronto Canada Announcement • Jan 29
George Weston Limited to Report Q4, 2024 Results on Feb 26, 2025 George Weston Limited announced that they will report Q4, 2024 results at 7:00 AM, Eastern Standard Time on Feb 26, 2025 Announcement • Nov 22
George Weston Limited Declares Dividend for Third Quarter of 2024, Payable on January 1, 2025 George Weston Limited declared dividend for third Quarter of 2024 on common share of $0.820 per share payable January 1, 2025, to shareholders of record December 15, 2024. Announcement • Oct 22
George Weston Limited to Report Q3, 2024 Results on Nov 19, 2024 George Weston Limited announced that they will report Q3, 2024 results at 7:00 AM, US Eastern Standard Time on Nov 19, 2024 Recent Insider Transactions • Oct 06
Insider recently sold €5.6m worth of stock On the 1st of October, Alannah Weston sold around 37k shares on-market at roughly €152 per share. This transaction amounted to 87% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.0m more than they bought in the last 12 months. Upcoming Dividend • Sep 06
Upcoming dividend of CA$0.82 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 01 October 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.9%). Announcement • Sep 06
George Weston Limited announced that it has received $250 million in funding On September 5, 2024, George Weston Limited closed the transaction. Announcement • Sep 04
George Weston Limited announced that it expects to receive CAD 250 million in funding George Weston Limited announced that it will issue senior unsecured notes to qualified accredited investors s in each of the provinces of Canada for the gross proceeds of $250 million on September 3, 2024. The note will bear interest rate of 4.193% and will mature on September 5, 2029. The notes will be unsecured obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. The transaction is expected to close on September 5, 2024. The transaction is subject to customary closing condition. Declared Dividend • Aug 05
Second quarter dividend of CA$0.82 announced Shareholders will receive a dividend of CA$0.82. Ex-date: 13th September 2024 Payment date: 1st October 2024 Dividend yield will be 1.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 01
George Weston Limited Declares Dividend for Second Quarter of 2024, Payable on October 1, 2024 George Weston Limited declared dividend for Second Quarter of 2024 on common share of $0.820 per share payable October 1, 2024, to shareholders of record September 15, 2024. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: CA$3.01 (vs CA$3.59 in 2Q 2023) Second quarter 2024 results: EPS: CA$3.01 (down from CA$3.59 in 2Q 2023). Revenue: CA$14.1b (up 1.5% from 2Q 2023). Net income: CA$410.0m (down 18% from 2Q 2023). Profit margin: 2.9% (down from 3.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Announcement • Jul 25
$500 Million Settlement Reaches with George Weston Limited and Loblaw Companies Limited in Packaged Bread Price-Fixing Class Action The Settlement Payment, less court-approved expenses, will be distributed to eligible class members in accordance with a plan of distribution, to be approved by the courts. If the settlement is approved, it will resolve all the plaintiffs' claims against Loblaw and George Weston relating to this matter. Further details will be available when court approval is sought, which will be before the end of the year. Announcement • Jul 04
George Weston Limited to Report Q2, 2024 Results on Jul 30, 2024 George Weston Limited announced that they will report Q2, 2024 results at 7:00 AM, Eastern Daylight on Jul 30, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.82 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.1%). Recent Insider Transactions • May 13
President & CFO recently sold €2.1m worth of stock On the 9th of May, Richard Dufresne sold around 16k shares on-market at roughly €129 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Declared Dividend • May 10
First quarter dividend of CA$0.82 announced Shareholders will receive a dividend of CA$0.82. Ex-date: 14th June 2024 Payment date: 1st July 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 09
George Weston Limited Declares a Quarterly Dividend on GWL Common Shares, Payable on July 1, 2024 George Weston Limited declared quarterly dividend of $0.820 per share payable July 1, 2024, to shareholders of record June 15, 2024. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: CA$1.75 (vs CA$3.04 in 1Q 2023) First quarter 2024 results: EPS: CA$1.75 (down from CA$3.04 in 1Q 2023). Revenue: CA$13.7b (up 4.6% from 1Q 2023). Net income: CA$236.0m (down 45% from 1Q 2023). Profit margin: 1.7% (down from 3.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Apr 10
George Weston Limited to Report Q1, 2024 Results on May 07, 2024 George Weston Limited announced that they will report Q1, 2024 results at 7:00 AM, Eastern Daylight on May 07, 2024 Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.71 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 01 April 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.1%). Declared Dividend • Mar 04
Fourth quarter dividend of CA$0.71 announced Shareholders will receive a dividend of CA$0.71. Ex-date: 14th March 2024 Payment date: 1st April 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 01
George Weston Limited Declares Quarterly Dividend, Payable on April 1, 2024 George Weston Limited declared quarterly dividend of $0.713 per share payable on April 1, 2024, to shareholders of record March 15, 2024. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CA$10.88 (vs CA$12.33 in FY 2022) Full year 2023 results: EPS: CA$10.88 (down from CA$12.33 in FY 2022). Revenue: CA$60.1b (up 5.4% from FY 2022). Net income: CA$1.54b (down 13% from FY 2022). Profit margin: 2.6% (down from 3.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
George Weston Limited, Annual General Meeting, May 07, 2024 George Weston Limited, Annual General Meeting, May 07, 2024. Announcement • Feb 01
George Weston Limited to Report Q4, 2023 Results on Feb 28, 2024 George Weston Limited announced that they will report Q4, 2023 results at 7:00 AM, US Eastern Standard Time on Feb 28, 2024 Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.71 per share at 1.8% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 01 January 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (4.2%). Announcement • Nov 23
George Weston Limited Declares Third Quarter Dividend, Payable on January 1, 2024 George Weston Limited declared third quarter dividend on common share of $0.713 per share payable January 1, 2024, to shareholders of record December 15, 2023. Reported Earnings • Nov 22
Third quarter 2023 earnings released: EPS: CA$4.46 (vs CA$6.19 in 3Q 2022) Third quarter 2023 results: EPS: CA$4.46 (down from CA$6.19 in 3Q 2022). Revenue: CA$18.4b (up 5.1% from 3Q 2022). Net income: CA$624.0m (down 30% from 3Q 2022). Profit margin: 3.4% (down from 5.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. New Risk • Nov 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.4% Last year net profit margin: 4.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks High level of debt (97% net debt to equity). Profit margins are more than 30% lower than last year (2.4% net profit margin). Announcement • Oct 25
George Weston Limited to Report Q3, 2023 Results on Nov 21, 2023 George Weston Limited announced that they will report Q3, 2023 results at 7:00 AM, US Eastern Standard Time on Nov 21, 2023 Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.71 per share at 1.9% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 01 October 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.4%). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: CA$3.59 (vs CA$4.39 in 2Q 2022) Second quarter 2023 results: EPS: CA$3.59 (down from CA$4.39 in 2Q 2022). Revenue: CA$13.9b (up 7.0% from 2Q 2022). Net income: CA$508.0m (down 21% from 2Q 2022). Profit margin: 3.7% (down from 4.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
George Weston Limited to Report Q2, 2023 Results on Aug 01, 2023 George Weston Limited announced that they will report Q2, 2023 results at 7:00 AM, Eastern Daylight on Aug 01, 2023 Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.71 per share at 1.8% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 01 July 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%). Announcement • May 10
George Weston Limited Declares A Quarterly Dividend , Payable on July 1, 2023 George Weston Limited declared a quarterly dividend on Common Shares, $0.713 per share payable July 1, 2023, to shareholders of record June 15, 2023. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: CA$3.04 (vs CA$2.47 in 1Q 2022) First quarter 2023 results: EPS: CA$3.04 (up from CA$2.47 in 1Q 2022). Revenue: CA$13.1b (up 5.9% from 1Q 2022). Net income: CA$436.0m (up 20% from 1Q 2022). Profit margin: 3.3% (up from 2.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.66 per share at 1.6% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 01 April 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.9%). Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CA$12.33 (vs CA$4.73 in FY 2021) Full year 2022 results: EPS: CA$12.33 (up from CA$4.73 in FY 2021). Revenue: CA$57.0b (up 6.1% from FY 2021). Net income: CA$1.82b (up 157% from FY 2021). Profit margin: 3.2% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
George Weston Limited to Report Q4, 2022 Results on Mar 01, 2023 George Weston Limited announced that they will report Q4, 2022 results at 7:00 AM, US Eastern Standard Time on Mar 01, 2023 Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.66 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 01 January 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.7%). Reported Earnings • Nov 23
Third quarter 2022 earnings released: EPS: CA$6.20 (vs CA$1.60 in 3Q 2021) Third quarter 2022 results: EPS: CA$6.20 (up from CA$1.60 in 3Q 2021). Revenue: CA$17.5b (up 8.2% from 3Q 2021). Net income: CA$903.0m (up 279% from 3Q 2021). Profit margin: 5.2% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.66 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 01 October 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%). Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: CA$4.39 (vs CA$0.76 in 2Q 2021) Second quarter 2022 results: EPS: CA$4.39 (up from CA$0.76 in 2Q 2021). Revenue: CA$13.0b (up 2.7% from 2Q 2021). Net income: CA$640.0m (up 457% from 2Q 2021). Profit margin: 4.9% (up from 0.9% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 3.1%, compared to a 7.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 19
Insider recently sold €1.1m worth of stock On the 17th of June, Alannah Weston sold around 10k shares on-market at roughly €106 per share. In the last 3 months, they made an even bigger sale worth €3.7m. Insiders have been net sellers, collectively disposing of €4.8m more than they bought in the last 12 months. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.66 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.5%). Reported Earnings • May 11
First quarter 2022 earnings released: EPS: CA$2.47 (vs CA$0.41 loss in 1Q 2021) First quarter 2022 results: EPS: CA$2.47 (up from CA$0.41 loss in 1Q 2021). Revenue: CA$12.4b (flat on 1Q 2021). Net income: CA$373.0m (up CA$435.0m from 1Q 2021). Profit margin: 3.0% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 3.2%, compared to a 7.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.60 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 01 April 2022. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (3.9%). Reported Earnings • Mar 06
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$4.73 (down from CA$5.95 in FY 2020). Revenue: CA$53.7b (flat on FY 2020). Net income: CA$709.0m (down 22% from FY 2020). Profit margin: 1.3% (down from 1.7% in FY 2020). Like-for-like sales growth: 0.3% vs FY 2020 Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.2%, compared to a 8.3% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 18
Executive VP & Chief Talent Officer recently sold €51k worth of stock On the 15th of December, Rashid Wasti sold around 500 shares on-market at roughly €102 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €796k more than they bought in the last 12 months. Upcoming Dividend • Dec 08
Upcoming dividend of CA$0.60 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 01 January 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.7%). Reported Earnings • Nov 24
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: EPS: CA$1.52 (down from CA$1.98 in 3Q 2020). Revenue: CA$16.2b (flat on 3Q 2020). Net income: CA$252.0m (down 17% from 3Q 2020). Profit margin: 1.6% (down from 1.9% in 3Q 2020). Revenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to stay flat compared to a 7.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.60 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 01 October 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.6%). Recent Insider Transactions • Aug 06
Executive VP & Chief Talent Officer recently sold €133k worth of stock On the 3rd of August, Rashid Wasti sold around 2k shares on-market at roughly €88.97 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €745k more than they bought in the last 12 months. Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS CA$0.71 (vs CA$1.66 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$12.9b (up 4.6% from 2Q 2020). Net income: CA$108.0m (up CA$363.0m from 2Q 2020). Profit margin: 0.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.55 per share Eligible shareholders must have bought the stock before 14 June 2021. Payment date: 01 July 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.9%). Executive Departure • May 19
Independent Director has left the company On the 11th of May, Robert Sawyer's tenure as Independent Director ended after 4.7 years in the role. As of December 2020, Robert personally held 4.27k shares (€260k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • May 12
First quarter 2021 earnings released: CA$0.41 loss per share (vs CA$3.79 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings and control over costs, although revenues were flat. First quarter 2021 results: Revenue: CA$12.4b (flat on 1Q 2020). Net loss: CA$52.0m (down 109% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Executive Departure • May 07
President of Loblaw Sarah Davis has left the company On the 6th of May, Sarah Davis' tenure in the role of President of Loblaw ended. As of December 2020, Sarah personally held 1.43k shares (€87k worth at the time). Sarah is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Mar 14
Chairman & CEO recently sold €293k worth of stock On the 9th of March, Galen Weston sold around 4k shares on-market at roughly €67.09 per share. This was the largest sale by an insider in the last 3 months. This was Galen's only on-market trade for the last 12 months. Is New 90 Day High Low • Mar 06
New 90-day high: €66.00 The company is up 6.0% from its price of €62.50 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €72.69 per share. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS CA$5.99 (vs CA$1.29 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$54.7b (up 9.2% from FY 2019). Net income: CA$919.0m (up 364% from FY 2019). Profit margin: 1.7% (up from 0.4% in FY 2019). The increase in margin was driven by higher revenue. Like-for-like sales growth: 8.6% vs FY 2019 Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue beats expectations Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is expected to shrink by 2.1% compared to a 1.5% growth forecast for the Consumer Retailing industry in Germany. Is New 90 Day High Low • Jan 29
New 90-day low: €59.50 The company is down 1.0% from its price of €60.00 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €132 per share. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS CA$1.98 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$16.2b (up 6.5% from 3Q 2019). Net income: CA$317.0m (up 359% from 3Q 2019). Profit margin: 2.0% (up from 0.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Analyst Estimate Surprise Post Earnings • Nov 18
Revenue beats expectations Revenue exceeded analyst estimates by 0.3%. Over the next year, revenue is forecast to stay flat compared to a 1.6% growth forecast for the Consumer Retailing industry in Germany. Is New 90 Day High Low • Nov 11
New 90-day high: €64.50 The company is up 1.0% from its price of €64.00 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €149 per share. 
