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Empire Company Ltd (EMPa.TO)

EMPa.TO on Toronto Stock Exchange

36.71CAD
16 Aug 2019
Change (% chg)

$0.35 (+0.96%)
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Volume
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$36.85
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Latest Key Developments (Source: Significant Developments)

Empire Co Ltd Reports Q4 Adjusted EPS C$0.46
Thursday, 27 Jun 2019 

June 27 (Reuters) - Empire Company Ltd ::EMPIRE COMPANY FINISHES FISCAL 2019 WITH STRONG SALES AND EARNINGS; EXCEEDS SUNRISE TARGETS; ANNOUNCES 9% DIVIDEND INCREASE AND SHARE BUYBACK.Q4 ADJUSTED EARNINGS PER SHARE C$0.46.Q4 EARNINGS PER SHARE C$0.45.Q4 EARNINGS PER SHARE ESTIMATE C$0.42 -- REFINITIV IBES DATA.INTENT TO REPURCHASE APPROXIMATELY $100 MILLION OF NON-VOTING CLASS A SHARES.INTENT TO REPURCHASE APPROXIMATELY $100 MILLION OF NON-VOTING CLASS A SHARES.ANNUAL DIVIDEND PER SHARE INCREASED 9% TO $0.48.CAPITAL INVESTMENT PROGRAM FOR FISCAL 2020 EXPECTED TO BE $600 MILLION.QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED BY 3.8%.QTRLY SALES $6,220.4 MILLION VERSUS $5,886.1 MILLION.UNDER PROJECT SUNRISE, FOR FISCAL 2020, EXPECT TO ACHIEVE AT LEAST $250 MILLION OF IN-YEAR BENEFITS.Q4 EARNINGS PER SHARE VIEW C$0.42, REVENUE VIEW C$6.23 BILLION -- REFINITIV IBES DATA.  Full Article

Empire Company Q3 Adjusted Earnings Per Share C$0.27
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Empire Company Ltd ::Q3 ADJUSTED EARNINGS PER SHARE C$0.27.Q3 EARNINGS PER SHARE C$0.24.Q3 EARNINGS PER SHARE ESTIMATE C$0.31 -- REFINITIV IBES DATA.QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED BY 3.3% (3.9% EXCLUDING PHARMACY).QTRLY SALES $6,247.3 MILLION VERSUS $6,029.2 MILLION.Q3 REVENUE VIEW C$6.25 BILLION -- REFINITIV IBES DATA.12 FRESHCO LOCATIONS CONFIRMED TO OPEN IN BRITISH COLUMBIA AND MANITOBA IN CALENDAR 2019."PROJECT SUNRISE IS ON TRACK AND YIELDING BENEFITS CONSISTENT WITH MANAGEMENT'S EXPECTATIONS".EMPIRE COMPANY - ESTIMATES COST OF LABOUR BUYOUTS WILL BE APPROXIMATELY $35 MILLION ($0.09 PER SHARE), WHICH HAS BEEN CHARGED TO EARNINGS IN THIS QUARTER.  Full Article

Empire Company Reports Q1 Adjusted Earnings Per Share C$0.37
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Empire Company Ltd ::EMPIRE COMPANY REPORTS FISCAL 2019 FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE C$0.37.Q1 EARNINGS PER SHARE C$0.35.Q1 EARNINGS PER SHARE VIEW C$0.42 -- THOMSON REUTERS I/B/E/S.QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED 1.3% (1.8% EXCLUDING PHARMACY).MOVING FORWARD, EXPECT THAT WILL BEGIN TO RECOVER COST PRESSURES THAT HAVE BEEN INCURRED.PROJECT SUNRISE TRANSFORMATION ON TRACK.QTRLY SALES $ 6,460.3 MILLION VERSUS $ 6,273.2 MILLION.EMPIRE COMPANY - PROJECT SUNRISE TRANSFORMATION EXPECTED TO RESULT IN AT LEAST $500 MILLION IN ANNUALIZED BENEFITS BY FISCAL 2020.EXPECTS TO INCUR INCREASED LABOUR COSTS AS A RESULT OF MINIMUM WAGE INCREASES IN ONTARIO AND ALBERTA AND OTHER EFFECTS.EMPIRE COMPANY - ESTIMATES UNMITIGATED FINANCIAL IMPACT OF MINIMUM WAGE INCREASES, OTHER IMPACTS WITH WAGE PARITY, COULD BE UP TO $90 MILLION IN FISCAL 2019.CONTINUES TO DEVELOP FURTHER PLANS TO MITIGATE INCREASED LABOUR COSTS IMPACTS FOR FISCAL 2019 ONWARD.EMPIRE COMPANY - ESTIMATES EFFECT, PRIOR TO ANY MITIGATION, OF HEALTHCARE REFORM CHANGES MAY BE TO REDUCE ANNUAL INCOME BEFORE TAXES BY UP TO $40 MILLION.  Full Article

Empire Co Posts Q2 Adjusted Earnings Per Share C$0.27
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Empire Company Ltd ::EMPIRE COMPANY REPORTS IMPROVED FISCAL 2018 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE C$0.27.Q2 LOSS PER SHARE C$0.09.Q2 EARNINGS PER SHARE VIEW C$0.25 -- THOMSON REUTERS I/B/E/S.- QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED 0.4%.- ‍PROJECT SUNRISE IS EXPECTED TO RESULT IN APPROXIMATELY $500 MILLION IN ANNUALIZED COST SAVINGS BY FISCAL 2020​.- QTRLY SALES $6.03 BILLION VERSUS $5.93 BILLION.Q2 EARNINGS PER SHARE VIEW C$0.25, REVENUE VIEW C$6.05 BILLION -- THOMSON REUTERS I/B/E/S.EMPIRE COMPANY - DETERMINED ONE-TIME COSTS FROM SEVERANCE, RELOCATION, OTHER INITIATIVE ANNOUNCED IN JUNE WILL NOT EXCEED $240 MILLION.EMPIRE COMPANY - ‍DEVELOPED PLANS TO MITIGATE IMMEDIATE IMPACT OF MINIMUM WAGE, BILL 148 INCREASES, EXPECTS PLANS TO OFFSET EFFECT OF INCREASES IN 2018​.  Full Article

Empire Company reports Q1 earnings per share C$0.20
Thursday, 14 Sep 2017 

Sept 14 (Reuters) - Empire Company Ltd ::Empire Company reports improved fiscal 2018 first quarter results.Q1 adjusted earnings per share C$0.32.Q1 earnings per share C$0.20.Q1 earnings per share view C$0.22 -- Thomson Reuters I/B/E/S.Empire Company ltd qtrly ‍same-store sales excluding fuel increased 0.5 pct​.Qtrly ‍sales $ 6,273.2 million versus. $ 6,186.6 million ​.Empire Co -‍estimates unmitigated financial impact of proposed minimum wage increases in Ontario, Alberta could be up to about $25 million in fiscal 2018​.Empire Company Ltd - ‍ project sunrise launched in Q4 2017 to simplify organizational structures and reduce costs on track​.Empire Co - ‍estimates unmitigated financial impact of proposed minimum wage increases in Ontario, Alberta could be up to about $70 million in fiscal 2019​.Empire Company - plan to mitigate immediate impact of proposed minimum wage raises in 2018 that are above and beyond expected project sunrise savings​.Q1 revenue view C$6.18 billion -- Thomson Reuters I/B/E/S.  Full Article

Canadian grocery chain Sobeys to end plastic bags by 2020

TORONTO, July 31 Grocery chain Sobeys Inc, owned by Empire Co, will eliminate all plastic bags from its stores within six months, becoming the first Canadian grocer to end use of plastic bags, the company said on Wednesday.