Old Mutual H1 Earnings Call Highlights
- On Thursday, Empire Co. Ltd. reported a first-quarter profit of $233 million, up from $212 million last year, with total sales rising to nearly $8.5 billion for the quarter ended Aug. 1.
- Same-Store food sales rose 1.2 per cent, while higher prices helped boost same-store fuel sales 18.9 per cent as shoppers increasingly visit discount stores.
- After ending its exclusive partnership with Ocado, Empire saw e-commerce sales grow by 11.3 per cent year-over-year, now working with Instacart, Uber Eats, and Door Dash.
- To meet consumer demand for discount options, the company opened two new FreshCo stores in Atlantic Canada last month and plans to open 13 more across the country this fiscal year.
- Financial performance improved to $1.04 per diluted share for the quarter, compared to 91 cents per diluted share a year earlier, reflecting continued efforts to expand grocery locations.
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On Thursday Empire announced that it had made a profit of 233 million in its last quarter, compared to 212 million in the same period last year.
THG Plc (THGHY) Q2 2026 Earnings Call Transcript
Matthew MouldingCEO & Director Good morning and thank you for joining us for our H1 2026 results. We’ve delivered a very strong first half with good revenue growth, a significant step-up in profitability, and a much-improved free cash flow position. Just as importantly, we’re seeing clear evidence that the changes we’ve made to the group […]
Sobeys parent Empire reports 9.9% jump in net earnings as fuel sales soar
Empire Co. Ltd. reported had a record-high earnings per share for its first quarter, despite what the grocery company called a “challenging” market environment. The parent company of grocery chain Sobeys Inc. on Thursday released its financial results for the first quarter ended Aug. 1, net earnings of $233 million, a 9.9 per cent jump from the prior year, while earnings per share climbed 14.3 per cent to $1.04 per share. “The market environment…
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