US EditionEmpire Reports Fourth Quarter and Fiscal 2025 Results
- For the quarter that concluded on May 3, 2025, Empire Co. Ltd. reported a profit of $173 million, which equates to earnings of 74 cents on a diluted share basis.
- Profit increased compared to the previous year, reaching $149 million, with earnings per diluted share at 61 cents. This growth was supported by a 3.0% rise in same-store sales, despite a 7.8% drop in fuel sales caused by lower prices following the elimination of the government carbon tax.
- Gross profit rose by 5.1%, pushing the gross margin up by 50 basis points to 27.6%. In the quarter, operating income increased 7.2% to $313 million, although for the full year, operating income saw a slight decrease of 1.7%.
- CEO Michael Medline stated in a conference call that internal inflation measures were 'way under' food inflation in the CPI and that Empire's price inflation remained stable within historical norms, expecting this trend to continue.
- Following these results, Empire raised its quarterly dividend 10% to 22 cents per share, plans store renovations through 2026, and renewed a $400 million buyback program to support long-term earnings growth.
21 Articles
21 Articles
Empire Reports Fourth Quarter and Fiscal 2025 Results
Earnings per share ("EPS") and adjusted EPS(1)(2) of $0.74 Prior year EPS and adjusted EPS of $0.61 and $0.63, respectively Delivered adjusted EPS growth of 8.8% in fiscal 2025; within the financial framework Sales of $7,637 million, an increase of 3.0% Same-store sales(2) - food(3) increased by 3.8% Repurchased $400 million of shares in fiscal 2025 Capital allocation outlook for fiscal 2026: Declared a dividend increase of 10.0%; 30th consecut…
Empire Company’s 2025 Record Revenue Still Posted A Net Income Drop
Sobeys parent firm Empire Company (TSX: EMP.A) reported its Q4 and full-year 2025 financials, with booked quarterly revenue of $7.64 billion, up 3.0% year-on-year, and full-year sales of $31.28 billion, a 1.8% rise. Gross profit advanced 5.1% in the quarter, lifting gross margin 50 bp to 27.6%, but annual net margin slipped 10 bp to 2.4% as inflation-driven wage hikes and an $81 million surge in share-based compensation diluted gains. Quarterly …
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