Canadian grocery chain Sobeys has said that a five-week strike by workers at its Whitby distribution center near Toronto will impact the company’s fourth-quarter profits.

Go deeper with GlobalData

Data Insights

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


Sobeys said it expects the strike, which ended 5 May, to cost the company C$11.3m (US$8.1m) before taxes, or 11 cents a share after taxes, for the fourth quarter.


The company also said its fiscal 2003 net earnings growth would fall slightly below its guidance of between 12% and 16%, 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 - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now