Empire Co. Ltd., parent of Sobeys, reported a Q2 profit of $173.4M, beating analyst expectations.

Empire Co. Ltd., the parent company of Sobeys, reported a second-quarter profit of $173.4 million, up from $181.1 million the previous year. Sales increased to $7.78 billion from $7.75 billion, with same-store sales rising 1.1%. Excluding fuel, same-store sales grew 1.8%. Adjusted earnings were 73 cents per share, up from 71 cents, surpassing analyst estimates of 66 cents per share.

3 months ago
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