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Empire Company Ltd (EMPa.TO)

EMPa.TO on Toronto Stock Exchange

35.84CAD
20 Sep 2019
Change (% chg)

$-0.15 (-0.42%)
Prev Close
$35.99
Open
$35.95
Day's High
$36.09
Day's Low
$35.65
Volume
834,963
Avg. Vol
445,659
52-wk High
$37.43
52-wk Low
$22.38

Latest Key Developments (Source: Significant Developments)

Empire Company Q1 Earnings Per Share C$0.48
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - Empire Company Ltd ::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.  Full Article

Empire Advances FreshCo Expansion Into Western Canada
Wednesday, 5 Jun 2019 

June 4 (Reuters) - Empire Company Ltd ::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.  Full Article

Empire Company Appoints Pierre St-Laurent As Full Service COO
Thursday, 16 May 2019 

May 16 (Reuters) - Empire Company Ltd ::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.  Full Article

Empire Company Q2 Adjusted Earnings Per Share C$0.40
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Empire Company Ltd ::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.  Full Article

Empire Co Posts Q2 Adjusted Earnings Per Share C$0.27
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Empire Company Ltd ::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​.  Full Article

CANADA STOCKS-Futures rise ahead of U.S. Fed chair's speech

Aug 23 Canada's stock futures edged higher on Friday, in line with global stock markets, as investors looked to Federal Reserve Chair Jerome Powell's speech to find out whether the U.S. central bank will deliver more rate cuts this year.