Edition:
United States

Empire Co Ltd Reports Q4 Adjusted EPS C$0.46


Thursday, 27 Jun 2019 06:06am EDT 

June 27 (Reuters) - Empire Company Ltd ::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.