STELLARTON, N.S. - Grocery company Empire Co.
Ltd. reported its fourth-quarter profit fell compared with a year ago, but raised its quarterly dividend. Read this article for free: Already have an account? To continue reading, please subscribe: * STELLARTON, N.
S. - Grocery company Empire Co. Ltd.
reported its fourth-quarter profit fell compared with a year ago, but raised its quarterly dividend. Read unlimited articles for free today: Already have an account? STELLARTON, N.S.
– Grocery company Empire Co. Ltd. reported its fourth-quarter profit fell compared with a year ago, but raised its quarterly dividend.
The parent company of the Sobeys and Safeway grocery chains says it will now pay a quarterly dividend of 20 cents per share, up from 18.25 cents per share. The increased payment to shareholders came as the company reported a profit of $148.
9 million or 61 cents per diluted share for the quarter ended May 4, down from a profit of $182.9 million or 72 cents per diluted share a year earlier. Sales for the quarter totalled $7.
4 billion, about the same as a year ago. Same-store sales fell 0.3 per cent compared with the same quarter last year, while same-store sales, excluding fuel sales, rose 0.
2 per cent. On an adjusted basis, Empire says it earned 63 cents per diluted share, down from an adjusted profit of 72 cents per diluted share a year ago. This report by The Canadian Press was first published June 20, 2024.
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