Grocer Empire records $134.2M in Q3 net earnings, up 8.5% from year ago

STELLARTON, N.S. — The parent company of the Sobeys, Safeway and FreshCo grocery chains says net earnings in its latest quarter were up 8.5 per cent to $134.2 million.Its third quarter earnings amounted to 54 cents per diluted share compared with 49 cents per diluted share a year prior.

Its adjusted net earnings for the period ended Feb. 3 totalled $153.1 million compared with $164.8 million a year before.They were driven by growth in Empire's discount and full-service businesses but offset by lower fuel sales largely triggered the sale of all of its retail fuel sites in Western Canada in the first quarter of its fiscal 2024.The Canadian Press

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump’s legal troubles: Business empire at stake as hush money trial date setA New York judge has set the date for former U.S. president Donald Trump's first criminal trial regarding alleged hush money payments to porn star Stormy Daniels.
Source: GlobalNational - 🏆 81. / 51 Read more »

Donald Trump must pay US$354.9M, barred from N.Y. business for 3 years, judge rulesDonald Trump must pay US$354.9 million in penalties for fraudulently overstating his net worth to dupe lenders, a New York judge ruled on Friday, handing the former U.S. president another legal setback in a civil case that imperils his real estate empire.
Source: CTVNationalNews - 🏆 82. / 51 Read more »