STELLARTON, N.S. — Empire Co. reported that its Q4 profits rose to $177.8 million, from $122.1 million a year ago, as the pandemic motivated shoppers to stock up on groceries. The parent company of Sobeys and Safeway logged sales of $7.01 billion, compared to $6.22 billion, while same-store sales rose 15 percent. Adjusted earnings of $0.67 per share exceeded analyst expectations of $0.62 per share.
Pandemic shopping drives Empire gains in Q4
Most Recent
Most Read
Walmart Canada names new CEO
Tue, January 21st, 2025
Canadian Tire announces CFO succession
Tue, January 21st, 2025
Save on last year’s Retail Report and Market Share Report
Tue, January 21st, 2025
Retailers moving production away from China
Mon, January 20th, 2025
Construction spending dips in November
Mon, January 20th, 2025
Looking for your next new hire? Hardlines Classifieds can help
Mon, January 20th, 2025
Richelieu reports Q4, annual results
Fri, January 17th, 2025
Tando Composites grows sales team
Fri, January 17th, 2025
Featured Classified: Castle
Fri, January 17th, 2025
Majority of small businesses have cut capital investments: CFIB
Thu, January 16th, 2025
