May 10 (Reuters) - George Weston Ltd WN.TO :
* George Weston Limited reports 2016 first quarter results
and announces a 3.5% increase to quarterly common share dividend
* Q1 earnings per share $0.29
* Q1 adjusted earnings per share $1.31
* Q1 sales $ 10.80 billion versus $10.41 billion
* Q1 earnings per share view c$1.29, revenue view c$10.80
billion -- Thomson Reuters I/B/E/S
* Announces $0.44 per common share dividend declared
* George Weston Ltd sees sales growth generated by new
capacity and productivity improvements to drive an increase in
adjusted EBITDA in 2016
* Expects to make capital investments of approximately $300
million in 2016.
* Increase in adjusted EBITDA expected to be greater in
second half of year as new plant capacity and capability come
on-line
* In 2016, Loblaw expects to deliver positive same-store
sales and stable gross margin in its retail segment
* In 2016, Loblaw expects to grow adjusted net earnings;
invest approximately $1.3 billion in capital expenditures
* For 2016, company expects growth in net earnings to be
driven by an increase in net earnings at Loblaw
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