Empire Co. Ltd, parent of Sobeys and Safeway, reported a Q4 profit decline but raised quarterly dividend and maintained sales at $7.4B.

Grocery company Empire Co. Ltd, parent of Sobeys and Safeway, reported a Q4 profit decline from a year ago but raised its quarterly dividend to 20 cents per share from 18.25 cents. Despite the fall to $148.9 million ($0.61/share) from $182.9 million ($0.72/share), sales for the quarter were $7.4B, similar to the previous year. Same-store sales fell 0.3% over the same period, but excluding fuel, they rose 0.2%.

June 20, 2024
4 Articles