Market Overview

Empire Q1 Profit Up 22%

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Sobeys parent Empire Co Ltd (OTC: EMLAF) reported a 22% increase in its Q1 profit.

Empire's quarterly net earnings surged to C$108.9 million ($111.59 million), or C$1.60 a share, versus C$89.2 million, or C$1.31 a share, in the year-ago period.

Its total sales climbed 9.7% to C$4.56 billion. However, same-store sales gained 1.8%.

 

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