Canadian grocery retailer Sobeys has posted lower quarterly earnings despite a slight increase in sales.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The Nova Scotia-based company reported net earnings of C$41.9m (US$30.6m), or 64 cents a share, for its first quarter, compared to $45.9m, or 70 cents a share, for the year-ago period.

Sobeys’ sales rose to $2.76bn from $2.64bn a year earlier, while same store sales rose 1.6%.

Analysts polled by Reuters Research had expected profit of 76 cents a share and sales of $2.80bn.

Sobeys, which operates stores under the Sobeys, IGA, Garden Market and Price Shopper banners, said it would not meet its previously announced growth targets for the year, reported Reuters.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact