Canadian grocery chain Sobeys has reported third-quarter net profit of C$45.8m (US$31.1m), a 27% rise from $36.1m in the year-ago period. Sobeys, which operates the Sobeys, Garden Market, IGA and Price Chopper banners, also reported sales up almost 6.5% to $2.59bn from $2.44bn in the same period of the previous year.
Canadian grocery chain Sobeys has reported third-quarter net profit of C$45.8m (US$31.1m), a 27% rise from $36.1m in the year-ago period.
Sobeys, which operates the Sobeys, Garden Market, IGA and Price Chopper banners, also reported sales up almost 6.5% to $2.59bn from $2.44bn in the same period of the previous year.
The retailer said same-store sales rose 2.5% for the quarter, including expanded stores.
