George Weston Ltd. announced Tuesday that they had made a major increase in third quarter earnings, despite flat sales. The Toronto based firm who owns Loblaws said that it nearly doubled earning from $86 million to $184 million from the same quarter last year.

Despite only a 1.1% increase in sales, Weston still increased earnings dramatically. They cite that it is because of lower their operating costs as a major factor.

In my opinion Weston Ltd. is a very good company, since not many companies have the resources availible to lower their operating costs so drastically. This is the sign of a very efficient and resourceful company.

http://www.theglobeandmail.com/globe-investor/george-weston-profit-more-than-doubles/article1809997/