Sobeys parent company Empire reports $207.8M Q1 profit, sales up from year ago

"We are increasingly optimistic as market conditions are gradually improving, contributing to a more predictable operating environment," said president and CEO Michael Medline in a press release.

The changes"are expected to have a significant, positive impact on Voilà's profitability in fiscal 2025 and 2026," Empire said. Medline said the company's strategic initiatives are gaining traction and delivering results. Over the past several years, Empire has been investing in renovations, converting some of its traditional stores into its discount brands and opening new stores as well as other improvements to its network.

Sales for what was the company's first quarter totalled $8.14 billion, up from $8.08 billion a year earlier.

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Sobeys parent company Empire reports $207.8M Q1 profit, sales up from year agoSTELLARTON, N.S. — Empire Co. Ltd. says it earned $207.8 million in its latest quarter, down from $261.0 million a year ago as its sales edged higher.
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Sobeys parent company Empire reports $207.8M Q1 profit, sales up from year agoEmpire Co. Ltd. says it earned $207.8 million in its latest quarter, down from $261.0 million a year ago as its sales edged higher.
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Sobeys parent company Empire reports $207.8M Q1 profit, sales up from year agoEmpire Co. Ltd. says it earned $207.8 million in its latest quarter, down from $261 million a year ago as its sales edged higher.
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Canada’s grocery code of conduct could encourage investment and innovation, advocates sayMichael Medline, chief executive of Sobeys parent company Empire Co. Ltd, told The Canadian Press that the industry can only benefit from clearer rules over negotiations and disagreements
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