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Empire Company Ltd (EMPa.TO)

EMPa.TO on Toronto Stock Exchange

29.73CAD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

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

Empire Co reports Q4 earnings per share C$0.11
Wednesday, 28 Jun 2017 

June 28 (Reuters) - Empire Company Ltd :Empire Company reports fiscal 2017 fourth quarter and full year results.Q4 adjusted earnings per share C$0.18.Q4 earnings per share C$0.11.Q4 earnings per share view C$0.12 -- Thomson Reuters I/B/E/S.Qtrly Sobeys' same-store sales excluding fuel decreased 1.6 percent.Empire Company Ltd - Planned fiscal 2018 capital expenditures set at $350 million.Qtrly sales $5,798.9 million versus. $6,283.2 million.Empire Company Ltd - Board announced an increase in Empire's annual dividend per share, paid quarterly, from $0.41 per share to $0.42 per share.Q4 revenue view C$5.70 billion -- Thomson Reuters I/B/E/S.Empire Company Ltd - Announced an increase in co's annual dividend per share, paid quarterly, from $0.41 per share to $0.42 per share.Empire Company - Expects to incur approximately $200 million in one-time costs in first half of fiscal 2018.  Full Article

Empire Co says to deliver $500 mln in annualized savings by 2020
Thursday, 4 May 2017 

May 4 (Reuters) - Empire Company Ltd :Empire launches major transformation initiative to simplify its business, unlock national scale and significantly reduce costs.Company to deliver $500 million in annualized savings by 2020.Empire company - annualized cost savings will come from collapsing multiple, independent regions into largely national, functionally-led structure.Initial results from transformational initiative are not expected to be reflected until end of calendar 2017.Empire company - initial one-time costs will begin to be expensed in q4 of fiscal 2017 with majority of costs expensed in first half of fiscal 2018.  Full Article

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