News Formal

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

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 17 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 50%

Business News

Retail,Transport

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.

The Canadian PressKristi Lalach, SVP in legal and sustainability at Sobeys Inc., joins BNN Bloomberg to discuss the Empire-FoodHero partnership and grocery inflation.

The parent company of the Sobeys grocery chain says the profit amounted to 86 cents per diluted share for the 13-week period ended Aug. 3. 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.

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:

 /  🏆 83. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

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 »

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
Source: globeandmail - 🏆 5. / 92 Read more »