Empire, which owns Sobeys, Safeway and other banners, says the profit amounted to $1.03 per share for the quarter ended Aug. 5, up from a profit of 71 cents per share a year earlier
says it earned $261.0-million in its latest quarter, up from $187.5-million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada.
The grocer, which owns Sobeys and Safeway and other banners, says the profit amounted to $1.03 per share for the quarter ended Aug. 5, up from a profit of 71 cents per share a year earlier. Sales in what was Empire’s first quarter totalled $8.08-billion, up from $7.94-billion in the same quarter last year.On an adjusted basis, Empire says it earned 78 cents per share in its latest quarter, up from an adjusted profit of 71 cents per share a year earlier.
The average analyst estimate had been for an adjusted profit of 75 cents per share, based on estimates compiled by financial markets data firm Refinitiv.Checking box will enable automatic data updates.
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Grocer Empire reports Q1 profit and sales up from year agoSTELLARTON, N.S. — Empire Co. Ltd. says it earned $261.0 million in its latest quarter, up from $187.5 million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada. The grocer, which owns Sobeys and Safeway and other banners, says the profit amounted to $1.03 per share for the quarter ended Aug. 5, up from a profit of 71 cents per share a year earlier. Sales in what was Empire's first quarter totalled $8.08 billion, up from $7.94 billion in
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