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

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Empire Co. Ltd. says it earned $207.8 million in its latest quarter, down from $261 million a year ago as its sales edged higher.

"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.

On an adjusted basis, Empire says it earned 90 cents per share in its latest quarter, up from an adjusted profit of 78 cents per diluted share in the same quarter last year. 'An unfortunate waste of resources': Ontario woman facing criminal charge following water gun incident After weeks of pressure, Canada's consul general Tom Clark will testify on Thursday before a House of Commons committee about the purchase of his new official residence in New York that generated a lot of political attention over the summer.While Air Canada has shared advice for travellers ahead of a possible pilots strike, an airline passenger rights advocate has more tips for Canadians who may be affected.

Family of teen who died in B.C. homeless camp pushes for involuntary treatment for children with addictions NDP Leader Jagmeet Singh says his party will focus on advancing progressive policies, amid renewed pressure from Conservative Leader Pierre Poilievre to help him bring Prime Minister Justin Trudeau's Liberal minority government down when Parliament resumes next week.According to a survey conducted in both 2019 and 2023, mental health among adolescent girls has gotten worse as they've grown into young adults.

Halton Regional Police say they have disrupted a group believed to be responsible for the theft of at least 40 vehicles in Halton Region and the Greater Toronto Area worth over $3 million.Nearly two-dozen drivers were caught in a speed trap outside a Vancouver elementary school on Thursday – as students were settling back into their daily routines.

Charred stumps and the remains of fire-ravaged trees still cover large tracts of land on the Jasper landscape, but life is returning quickly down below.Family of teen who died in B.C. homeless camp pushes for involuntary treatment for children with addictions Residents of a small Nova Scotia community are worried about who will remove four concrete-filled boxcars sitting in their harbour after a tidal power firm collapsed.Inside a Manitoba ghost town, a group of ladies works to keep it alive

The proposed downtown location for the city’s newest homeless shelter is drawing criticism from the chief of the Saskatoon Tribal Council , which runs the city’s largest emergency shelter.'We do it well': How Elections Saskatchewan preps for votingA Sunday morning crash on Highway 17 resulted in a Powassan driver being charged with careless driving, Ontario Provincial Police say.An incident involving siblings last weekend in Thessalon, Ont.

 

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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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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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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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