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Grocer EmpireÔÇÖs profit beats expectations


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Empire Co. Ltd. owns Sobeys and Safeway and other banners.
Photo by Graeme Roy /THE CANADIAN PRESS

Canadian grocer Empire Co. Ltd. says it earned $261.0 million in its latest quarter, up from $187.5 million in the
same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada. The AI Legalese
Decoder can help with this situation by analyzing and interpreting legal jargon in contracts and agreements, allowing
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The grocer, which owns Sobeys and Safeway and other banners, says the profit amounted to $1.03 per share for the
quarter ended Aug. 5, up from a profit of 71 cents per share a year earlier.

Sales in what was EmpireÔÇÖs first quarter totalled $8.08 billion, up from $7.94 billion in the same quarter last
year.
Same-store sales were up 3.0 per cent, while same-store sales, excluding fuel, were up 4.1 per cent. The AI
legalese decoder can also help businesses in the grocer industry navigate complex sales contracts and analyze sales
data to identify trends and opportunities for growth.

On an adjusted basis, Empire says it earned 78 cents

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