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Empire Company Limited

EMPa.TO

Latest Trade

34.45CAD

Change

-0.57(-1.63%)

Volume

89,608

Today's Range

34.41

 - 

35.03

52 Week Range

23.07

 - 

37.43

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Empire Company Q1 Earnings Per Share C$0.48

Sept 12 (Reuters) - Empire Company Ltd <EMPa.TO>::Q1 ADJUSTED EARNINGS PER SHARE C$0.49.Q1 EARNINGS PER SHARE C$0.48.Q1 EARNINGS PER SHARE ESTIMATE C$0.48 -- REFINITIV IBES DATA.QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED BY 2.4%.QTRLY SALES $6,744.1 MILLION VERSUS $6,460.3 MILLION.FOR 2020, EXPECTS TO ACHIEVE AT LEAST $250 MILLION OF IN-YEAR BENEFITS FOR A CUMULATIVE BENEFIT OF AT LEAST $550 MILLION."STRONG MARGINS, GOOD SALES GROWTH AND PROJECT SUNRISE BENEFITS ALL UNDERPIN A SOLID QUARTER".Q1 REVENUE VIEW C$6.82 BILLION -- REFINITIV IBES DATA.

Empire Co Ltd Reports Q4 Adjusted EPS C$0.46

June 27 (Reuters) - Empire Company Ltd <EMPa.TO>::EMPIRE COMPANY FINISHES FISCAL 2019 WITH STRONG SALES AND EARNINGS; EXCEEDS SUNRISE TARGETS; ANNOUNCES 9% DIVIDEND INCREASE AND SHARE BUYBACK.Q4 ADJUSTED EARNINGS PER SHARE C$0.46.Q4 EARNINGS PER SHARE C$0.45.Q4 EARNINGS PER SHARE ESTIMATE C$0.42 -- REFINITIV IBES DATA.INTENT TO REPURCHASE APPROXIMATELY $100 MILLION OF NON-VOTING CLASS A SHARES.INTENT TO REPURCHASE APPROXIMATELY $100 MILLION OF NON-VOTING CLASS A SHARES.ANNUAL DIVIDEND PER SHARE INCREASED 9% TO $0.48.CAPITAL INVESTMENT PROGRAM FOR FISCAL 2020 EXPECTED TO BE $600 MILLION.QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED BY 3.8%.QTRLY SALES $6,220.4 MILLION VERSUS $5,886.1 MILLION.UNDER PROJECT SUNRISE, FOR FISCAL 2020, EXPECT TO ACHIEVE AT LEAST $250 MILLION OF IN-YEAR BENEFITS.Q4 EARNINGS PER SHARE VIEW C$0.42, REVENUE VIEW C$6.23 BILLION -- REFINITIV IBES DATA.

Empire Advances FreshCo Expansion Into Western Canada

June 4 (Reuters) - Empire Company Ltd <EMPa.TO>::EMPIRE ADVANCES FRESHCO EXPANSION INTO WESTERN CANADA.EMPIRE COMPANY - ANNOUNCED LOCATIONS OF SIX ADDITIONAL FRESHCO STORE INVESTMENTS IN BRITISH COLUMBIA.FRESHCO STORES ARE EXPECTED TO OPEN IN SPRING 2020, DEPENDING ON TIMING OF CONSTRUCTION SCHEDULES AND PERMITS.EMPIRE COMPANY - STORE CLOSURE COSTS OF SAFEWAY STORES THAT WILL BE CONVERTED TO FRESHCO STORES WILL BE CHARGED TO EARNINGS IN Q1 OF FISCAL 2020.

Empire Company Appoints Pierre St-Laurent As Full Service COO

May 16 (Reuters) - Empire Company Ltd <EMPa.TO>::EMPIRE HONES EXECUTIVE STRUCTURE FOR SHIFT TO OFFENSE.EMPIRE COMPANY LTD - CO UNIFIES MERCHANDISING, OPERATIONS AND SUPPLY CHAIN FOR ALL FULL-SERVICE GROCERY BANNERS.EMPIRE COMPANY LTD - PIERRE ST-LAURENT IS APPOINTED TO NEWLY CREATED ROLE OF CHIEF OPERATING OFFICER, FULL SERVICE.EMPIRE COMPANY LTD - IS ALSO EXPANDING ROLE OF MICHAEL VELS, CHIEF FINANCIAL OFFICER.EMPIRE COMPANY LTD - INFORMATION TECHNOLOGY TEAM WILL NOW REPORT TO CFO.EMPIRE COMPANY LTD - LUC L'ARCHEVEQUE AND LORNE MACLEAN JOIN EXECUTIVE COMMITTEE EFFECTIVE IMMEDIATELY.EMPIRE COMPANY LTD - A SEARCH FOR NEW CHIEF INFORMATION OFFICER IS UNDERWAY.

Empire Company Q3 Adjusted Earnings Per Share C$0.27

March 13 (Reuters) - Empire Company Ltd <EMPa.TO>::Q3 ADJUSTED EARNINGS PER SHARE C$0.27.Q3 EARNINGS PER SHARE C$0.24.Q3 EARNINGS PER SHARE ESTIMATE C$0.31 -- REFINITIV IBES DATA.QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED BY 3.3% (3.9% EXCLUDING PHARMACY).QTRLY SALES $6,247.3 MILLION VERSUS $6,029.2 MILLION.Q3 REVENUE VIEW C$6.25 BILLION -- REFINITIV IBES DATA.12 FRESHCO LOCATIONS CONFIRMED TO OPEN IN BRITISH COLUMBIA AND MANITOBA IN CALENDAR 2019."PROJECT SUNRISE IS ON TRACK AND YIELDING BENEFITS CONSISTENT WITH MANAGEMENT'S EXPECTATIONS".EMPIRE COMPANY - ESTIMATES COST OF LABOUR BUYOUTS WILL BE APPROXIMATELY $35 MILLION ($0.09 PER SHARE), WHICH HAS BEEN CHARGED TO EARNINGS IN THIS QUARTER.

Empire Company Q2 Adjusted Earnings Per Share C$0.40

Dec 13 (Reuters) - Empire Company Ltd <EMPa.TO>::EMPIRE COMPANY REPORTS STRONG FISCAL 2019 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE C$0.40.Q2 EARNINGS PER SHARE C$0.38.Q2 EARNINGS PER SHARE ESTIMATE C$0.32 -- REFINITIV IBES DATA.QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED BY 2.5%.Q2 SALES ROSE 3.1 PERCENT.PROJECT SUNRISE IS EXPECTED TO GENERATE AT LEAST $500 MILLION IN ANNUALIZED BENEFITS BY END OF FISCAL 2020.QTRLY SALES $6,214.0 MILLION VERSUS $6,026.1 MILLION.COMPANY IS INCURRING INCREASED LABOUR COSTS AS A RESULT OF MINIMUM WAGE INCREASES IN ONTARIO AND ALBERTA.Q2 REVENUE VIEW C$6.15 BILLION -- REFINITIV IBES DATA.FIRST TWO MANITOBA FRESHCO STORES ARE ON TRACK TO OPEN IN WINNIPEG IN SPRING OF 2019.CONTINUES TO DEVELOP FURTHER PLANS TO MITIGATE IMPACTS FROM INCREASED LABOUR COSTS FOR FISCAL 2019 ONWARD.ESTIMATES UNMITIGATED FINANCIAL IMPACT OF MINIMUM WAGE INCREASES COULD BE UP TO $70 MILLION IN FISCAL 2019.ESTIMATE OF UP TO $70 MILLION IN FISCAL 2019 IMPACT FROM MINIMUM WAGE INCREASES DECREASED FROM $90 MILLION PREVIOUSLY DISCLOSED.

Empire Company To Acquire Farm Boy

Sept 24 (Reuters) - Empire Company Ltd <EMPa.TO>::EMPIRE COMPANY REACHES AGREEMENT TO ACQUIRE FARM BOY - ONTARIO'S FASTEST GROWING FOOD RETAILER.SAYS DEAL FOR TOTAL ENTERPRISE VALUE OF $800 MILLION..SAYS INTENDS TO FINANCE TRANSACTION THROUGH A COMBINATION OF CASH ON HAND AND DEBT.SAYS DEAL HAS EPS ACCRETION IN FIRST FULL FISCAL YEAR OF OWNERSHIP.SAYS FARM BOY CO-CEOS JEAN-LOUIS BELLEMARE, JEFF YORK CONTINUE AS LEADERS OF FARM BOY.SAYS FARM BOY WILL BE SET UP AS A SEPARATE COMPANY WITHIN EMPIRE'S STRUCTURE.SAYS FARM BOY'S CO-CEOS HAVE AGREED, IN CONNECTION WITH DEAL, TO REINVEST IN RETURN FOR 12% INTEREST OF CONTINUING FARM BOY BUSINESS..

Empire Company Reports Q1 Adjusted Earnings Per Share C$0.37

Sept 13 (Reuters) - Empire Company Ltd <EMPa.TO>::EMPIRE COMPANY REPORTS FISCAL 2019 FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE C$0.37.Q1 EARNINGS PER SHARE C$0.35.Q1 EARNINGS PER SHARE VIEW C$0.42 -- THOMSON REUTERS I/B/E/S.QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED 1.3% (1.8% EXCLUDING PHARMACY).MOVING FORWARD, EXPECT THAT WILL BEGIN TO RECOVER COST PRESSURES THAT HAVE BEEN INCURRED.PROJECT SUNRISE TRANSFORMATION ON TRACK.QTRLY SALES $ 6,460.3 MILLION VERSUS $ 6,273.2 MILLION.EMPIRE COMPANY - PROJECT SUNRISE TRANSFORMATION EXPECTED TO RESULT IN AT LEAST $500 MILLION IN ANNUALIZED BENEFITS BY FISCAL 2020.EXPECTS TO INCUR INCREASED LABOUR COSTS AS A RESULT OF MINIMUM WAGE INCREASES IN ONTARIO AND ALBERTA AND OTHER EFFECTS.EMPIRE COMPANY - ESTIMATES UNMITIGATED FINANCIAL IMPACT OF MINIMUM WAGE INCREASES, OTHER IMPACTS WITH WAGE PARITY, COULD BE UP TO $90 MILLION IN FISCAL 2019.CONTINUES TO DEVELOP FURTHER PLANS TO MITIGATE INCREASED LABOUR COSTS IMPACTS FOR FISCAL 2019 ONWARD.EMPIRE COMPANY - ESTIMATES EFFECT, PRIOR TO ANY MITIGATION, OF HEALTHCARE REFORM CHANGES MAY BE TO REDUCE ANNUAL INCOME BEFORE TAXES BY UP TO $40 MILLION.

Empire Co Posts Q2 Adjusted Earnings Per Share C$0.27

Dec 13 (Reuters) - Empire Company Ltd <EMPa.TO>::EMPIRE COMPANY REPORTS IMPROVED FISCAL 2018 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE C$0.27.Q2 LOSS PER SHARE C$0.09.Q2 EARNINGS PER SHARE VIEW C$0.25 -- THOMSON REUTERS I/B/E/S.- QTRLY SAME-STORE SALES EXCLUDING FUEL INCREASED 0.4%.- ‍PROJECT SUNRISE IS EXPECTED TO RESULT IN APPROXIMATELY $500 MILLION IN ANNUALIZED COST SAVINGS BY FISCAL 2020​.- QTRLY SALES $6.03 BILLION VERSUS $5.93 BILLION.Q2 EARNINGS PER SHARE VIEW C$0.25, REVENUE VIEW C$6.05 BILLION -- THOMSON REUTERS I/B/E/S.EMPIRE COMPANY - DETERMINED ONE-TIME COSTS FROM SEVERANCE, RELOCATION, OTHER INITIATIVE ANNOUNCED IN JUNE WILL NOT EXCEED $240 MILLION.EMPIRE COMPANY - ‍DEVELOPED PLANS TO MITIGATE IMMEDIATE IMPACT OF MINIMUM WAGE, BILL 148 INCREASES, EXPECTS PLANS TO OFFSET EFFECT OF INCREASES IN 2018​.

Empire Company reports Q1 earnings per share C$0.20

Sept 14 (Reuters) - Empire Company Ltd <EMPa.TO>::Empire Company reports improved fiscal 2018 first quarter results.Q1 adjusted earnings per share C$0.32.Q1 earnings per share C$0.20.Q1 earnings per share view C$0.22 -- Thomson Reuters I/B/E/S.Empire Company ltd qtrly ‍same-store sales excluding fuel increased 0.5 pct​.Qtrly ‍sales $ 6,273.2 million versus. $ 6,186.6 million ​.Empire Co -‍estimates unmitigated financial impact of proposed minimum wage increases in Ontario, Alberta could be up to about $25 million in fiscal 2018​.Empire Company Ltd - ‍ project sunrise launched in Q4 2017 to simplify organizational structures and reduce costs on track​.Empire Co - ‍estimates unmitigated financial impact of proposed minimum wage increases in Ontario, Alberta could be up to about $70 million in fiscal 2019​.Empire Company - plan to mitigate immediate impact of proposed minimum wage raises in 2018 that are above and beyond expected project sunrise savings​.Q1 revenue view C$6.18 billion -- Thomson Reuters I/B/E/S.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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