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George Weston reports lower Q4 profit of $161M; sales revenue up 48 per cent

2015-03-05 15:51:07| Grocery - Topix.net

George Weston Ltd. saw net profits decline in the fourth quarter as the maker of bakery products and parent company of Loblaw took a number of sizable charges against earnings. Sales in the quarter, which at 13 weeks was one week longer than the comparable 2013 period, rose more than 48 per cent to $11.73 billion from $7.9 billion, largely as the result of the Shoppers Drug Mart acquisition.

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