A Sobeys grocery store is seen in Halifax on Thursday, Sept. 11, 2014.
Its earnings for the period ended Feb. 4 amounted to 49 cents per share, down from 77 cents per share in the third quarter of the prior fiscal year, when Empire said it incurred “unusually large” lease termination income and higher property sales from Crombie Real Estate Investment Trust.Sales, which were driven by the expansion of FreshCo in Western Canada, higher food inflation and increased fuel sales, reached $7.49 billion compared with $7.38 billion in the prior quarter.
The incident that left Sobeys customers unable to fill prescriptions for four days and many of the grocer’s systems had to be shut down for several weeks. Last quarter, Empire said the cybersecurity incident was expected to cost $25 million in net earnings after insurance recoveries, but the company declined to share the total cost of the disruption.
Of course it's profit-mongering but it's not a recent phenomenon.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Empire reports $125.7-million net earnings as it rebounds from Sobeys cyberattackEmpire says the results for its third quarter compared with $203.4-million in net earnings during the same period the year before That’s what price gouging does, makes rebounds a breeze.
Source: globeandmail - 🏆 5. / 92 Read more »
Empire reports $125.7M net earnings as it rebounds from Sobeys cyberattack | Globalnews.caThe company's earnings for the period ended Feb. 4 amounted to 49 cents per share, down from 77 cents per share in the third quarter of the prior fiscal year.
Source: GlobalNational - 🏆 81. / 51 Read more »
Empire reports $125.7M net earnings as it rebounds from Sobeys cyberattack - BNN BloombergEmpire Company says its net earnings hit $125.7 million in its latest quarter as its Sobeys supermarket chain rebounded from a November cyberattack.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Australian company to buy Arctic Canadian Diamond Company's assetsAn Australian company is set to buy all of Arctic Canadian Diamond Company Ltd.'s assets, including the Ekati diamond mine in the Northwest Territories. Makes me nervous. We had an Australian (still maybe do) who wants to rip up Eastern Slopes of the Rockies to dig coal At what benefit to ABns who rely on the water quality coming fr that area? Or the scars that will be there for yonks. Wld prefer Cdn resources developed for Cdns. Natural resources should only be owned by full Canadian owed companies Does Canada own anything anymore? I lived in a mining community and the folks trying to get in there were all Australian as well. Does anyone have any idea how much we buy local is made locally? I think some politicians sold us down the river. Does anyone know who that was?
Source: CTVCalgary - 🏆 26. / 68 Read more »
Australian company to buy Arctic Canadian Diamond Company's assetsYELLOWKNIFE — An Australian company is set to buy all of Arctic Canadian Diamond Company Ltd.’s assets, including the Ekati diamond mine in the Northwest… Won't be happening,last company mining heritage children of ownership properties were from India,they ripped off heritage children,Wright's to mine were illegally obtained by use of manipulation,of illegal suppression of Crown Governor Prince Jimmy of Canada,World Courts contrats
Source: OttawaCitizen - 🏆 21. / 68 Read more »