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Empire Company Ltd (EMPa.TO)

EMPa.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Empire Company Q2 Adjusted Earnings Per Share C$0.40
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Empire Company Ltd ::EMPIRE COMPANY REPORTS STRONG FISCAL 2019 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE C$0.40.Q2 EARNINGS PER SHARE C$0.38.Q2 EARNINGS PER SHARE ESTIMATE C$0.32 -- REFINITIV IBES DATA.QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED BY 2.5%.Q2 SALES ROSE 3.1 PERCENT.PROJECT SUNRISE IS EXPECTED TO GENERATE AT LEAST $500 MILLION IN ANNUALIZED BENEFITS BY END OF FISCAL 2020.QTRLY SALES $6,214.0 MILLION VERSUS $6,026.1 MILLION.COMPANY IS INCURRING INCREASED LABOUR COSTS AS A RESULT OF MINIMUM WAGE INCREASES IN ONTARIO AND ALBERTA.Q2 REVENUE VIEW C$6.15 BILLION -- REFINITIV IBES DATA.FIRST TWO MANITOBA FRESHCO STORES ARE ON TRACK TO OPEN IN WINNIPEG IN SPRING OF 2019.CONTINUES TO DEVELOP FURTHER PLANS TO MITIGATE IMPACTS FROM INCREASED LABOUR COSTS FOR FISCAL 2019 ONWARD.ESTIMATES UNMITIGATED FINANCIAL IMPACT OF MINIMUM WAGE INCREASES COULD BE UP TO $70 MILLION IN FISCAL 2019.ESTIMATE OF UP TO $70 MILLION IN FISCAL 2019 IMPACT FROM MINIMUM WAGE INCREASES DECREASED FROM $90 MILLION PREVIOUSLY DISCLOSED.  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

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Fire at Ocado's flagship robotic complex to dent sales growth

LONDON A huge fire at Ocado's flagship robotic distribution centre will hit sales growth, the British online supermarket pioneer warned on Wednesday, sending its shares sharply lower.