STELLARTON, Nova Scotia — Sobeys on Thursday posted increases in fourth-quarter and fiscal year sales and earnings, helped in part by an extra week in both periods as well as productivity initiatives and lower tax rates for its corporate parent, Empire Cos., based here.
Sobeys accounts for more than 98% of Empire's revenues and earnings. The retailer posted 14-week fourth-quarter sales of $4.2 billion (U.S.), an increase of 9.3% from the 13-week quarter in 2010. Adjusted for the extra week, ...
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