STELLARTON, Nova Scotia — Empire Co., parent of the Sobeys chain in Canada, posted revenue gains for the recently ended fiscal year but said net income fell for both the fourth quarter and fiscal year. Same-store sales at Sobeys were up 4.6% for the quarter and 5.2% for the year, which ended May 2. The company reported fourth-quarter net income of about $55.4 million (U.S.), decline of 4.4% from year-ago levels, while revenues rose 4.2%, to about $3.2 billion. For the year, net income was ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.