Report
Dan Wasiolek
EUR 147.86 For Business Accounts Only

George Weston Executing in a Competitive Market Amidst Moderating Inflation; Shares Fairly Valued

Loblaw (95% of total sales) recently reported retail same-store sales growth of 0.8%, versus 0.4% growth the previous quarter. This represented 2.1% two-year stacked same-store sales growth, a deceleration from the 2.5% seen last quarter.
While retail same-store sales are up 1.1% through the first nine months, we plan to slightly reduce our 1% forecast for 2016 to account for continued price investment and a tougher year-ago comparison in last year’s fourth quarter. As a result, we expect to red...
Underlying
George Weston Limited

George Weston is a holding company. Co. has two reportable operating segments: Weston Foods and Loblaw. The Weston Foods operating segment is engaged in fresh and frozen baking company in Canada and frozen baking and biscuit manufacturing in the United States. The Loblaw operating segment is engaged in distributing and providing drugstore, general merchandise and financial products and services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Wasiolek

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