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Empire Reports Fiscal 2026 First Quarter Results
Empire Co. Ltd. improved profit margins through cost-cutting and shifting shoppers to full-service banners, with e-commerce sales rising 80.9% despite slightly lower grocery store sales.
- In the quarter ended August 2, 2025, Empire Company Limited said it beat analyst estimates with net earnings of $212 million and total sales of $8,258 million.
- Cost-Cutting and shopper shifts helped improve gross margin to 27.1 from 26.1, with food sales rising 2.6% and same-store sales up 1.9%, supporting revenue growth.
- Empire said its Voil� online delivery business has three active CFCs, and management expects growth after expanding partnerships with Instacart and Uber Eats.
- The company plans about $850 million in fiscal 2026 and intends to repurchase up to $400 million of Class A shares under a renewed NCIB with the Toronto Stock Exchange.
- Uncertainty about tariffs could create volatility and higher import costs due to United States tariffs and possible Canadian government retaliatory measures, while the Scene+ loyalty program has grown to over 15 million members and e-commerce actions are expected to yield greater benefits in fiscal 2026.
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Empire Reports Fiscal 2026 First Quarter Results
Earnings per share ("EPS") and adjusted EPS(1)(2) of $0.91 Prior year EPS and adjusted EPS of $0.86 and $0.90, respectively Sales of $8,258 million, an increase of 1.5% Food sales increased by 2.6%; Same-store sales(2) - food(3) increased by 1.9% Gross margin, excluding fuel, increased by 63 basis points STELLARTON, NS, Sept. 11, 2025 /CNW/ - Empire Company Limited ("Empire" or the "Company") (TSX:EMP) today announced its financial results for t…
·New York, United States
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Coverage Details
Total News Sources12
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
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