Empire, operator of Canadian grocery chain Sobeys has posted an almost 9% rise in annual earnings to reach C$301.9m (US$284.7m) on the back of solid performances from both its food and retail businesses.

For the year ended 1 May, the company’s food retail segment posted $15.24bn revenue, up 3.3% on the $14.76bn it posted in the prior year.

Discover B2B Marketing That Performs

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

Find out more

The company said it increased same-store sales 1.9% over the previous year

During the fourth quarter, the retailer posted $3.75bn revenue, a 2.82% increase on the same quarter last year.

The company said its Sobeys unit experienced retail food-price deflation in the quarter, which partially offset the effect of increased retail selling space.

 

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