George Weston Ltd
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 136.00 | Zkv | Gfvznjjd |
Even as Strength Across Grocery and Real Estate Arms Persists, George Weston Lacks a Durable Edge
Business Strategy and Outlook
Having completed the sale of its bakery business (Weston Foods) in early 2022, George Weston is left with an established and meaningful presence across Canadian retail (Loblaw) and real estate (Choice Properties). The businesses tout varying degrees of scale and, while we don’t believe any of them boast moatworthy competitive advantages, we see some semblance of a symbiotic relationship between them. We view the combined entity continuing to navigate its dynamic marketplaces, aided by the strategic guidance and financial flexibility of George Weston’s corporate leadership.