STELLARTON, Nova Scotia — Improved sales and profits from Sobeys stores offset lower earnings from the real estate division at Empire Cos., the company said in a review of first-quarter financial results yesterday. Sobeys, boosted in part by the addition of Thrifty Foods to its store base, accounted for nearly all of Empire’s $3.5 billion in sales for the first quarter, which ended Aug. 2. Sales were up by 7.4% and same-store sales improved by 3%. Net income of $70 million was flat compared ...
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.