Canadian retailer Sobeys saw its first-quarter profits increase by over 3% on the back of higher sales.
Sobeys’ parent company, Canadian conglomerate Empire Co., said yesterday (14 September) that the food retailer’s net earnings were up 3.6% to C$81.6m in the 13 weeks to 6 August. Operating income increased 1.6% to C$135.4m.
The retailer saw its sales climbed 3.3% to C$4.11bn thanks to food inflation, the impact of new stores and better same-store sales, which increased 1.7%.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
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 suitedelivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.
