Grocery retailer Empire reports $159M Q2 profit, down from $173M a year ago
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Article contentEmpire Co. Ltd. says it earned $159 million in its latest quarter, down from $173 million in the same quarter last year.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe company behind Sobeys says its profit amounted to 69 cents per diluted share for the quarter ended Nov. 1 compared with a profit of 73 cents per diluted share a year earlier.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentSales for what was the company’s second quarter totalled $8 billion, up from $7.8 billion in the same quarter last year.Article contentSame-store sales were up two per cent, while food same-store sales rose 2.5 per cent.Article contentArticle contentRBC analyst Irene Nattel said operating results were in line with forecast, “underpinned by solid merchandising strategies in place to address ongoing value-seeking consumer spending behaviour.”Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentShe said Empire continued to execute on its strategy to maximize revenues in full-service stores despite the broader consumer shift to discount banners, while growing its discount presence.Article contentNewly named chief executive Pierre St-Laurent said the company is looking to set up more storefronts “because we believe we have room to grow.”Article content“We are underdeveloped in discount, so we will grow discount,” he told analysts during a conference call on Thursday.Article content“We have a lot of white space in discount, but we won’t just focus on discount because there (are) other markets where it’s not a discount market and there’s more opportunity to grow our Farm Boy, our Longo’s, our Food Land.”Article contentEmpire also announced the appointment of Jo Mark Zurel to the company’s board of directors.Article contentZurel is chair of the board at Fortis Inc. and also serves on the boards of Major Drilling Group International Inc. and Highland Copper Co. Inc.Article contentThis report by The Canadian Press was first published Dec. 11, 2025.Article contentCompanies in this story: (TSX:EMP.A)Article contentTrending This generation of Canadians is rapidly increasing its wealth and may soon unseat the boomers Wealth David Rosenberg: 10 reasons why we're now bullish on the Canadian dollar for the first time in many years News Dollarama posts 22% rise in sales and hikes its forecast Retail & Marketing 'Wild West out there': Cargo theft reports soar in Canada, but that's just the tip of the iceberg News Economy has Canadians exploring cheaper cars as stock leans to luxury Autos Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. This generation of Canadians is rapidly increasing its wealth and may soon unseat the boomers Wealth David Rosenberg: 10 reasons why we're now bullish on the Canadian dollar for the first time in many years News Dollarama posts 22% rise in sales and hikes its forecast Retail & Marketing 'Wild West out there': Cargo theft reports soar in Canada, but that's just the tip of the iceberg News Economy has Canadians exploring cheaper cars as stock leans to luxury Autos