Empire Company Limited (T:EMP.A)
Business Focus: Food Retail & Distribution (NEC)
| Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
| Company Contact | |
| Address: | 115 King Street STELLARTON NS B0K 1S0 |
| Tel: | N/A |
| Website: | https://www.empireco.ca |
| IR: | See website |
| Key People | ||
| Michael B. Medline President, Chief Executive Officer, Director | Matthew Reindel Chief Financial Officer, Executive Vice President | Pierre St-Laurent Chief Operating Officer, Executive Vice President |
| Simon Gagne Chief Human Resource Officer, Executive Vice President | Douglas B. Nathanson Executive Vice President, General Counsel, Corporate Secretary, Chief Development Officer | Vivek Sood Executive Vice President - Related Businesses |
| Julia Knox Chief Technology and Analytics Officer | Sandra Sanderson Chief Marketing Officer | |
| Business Overview |
| Empire Company Limited is a Canadian company engaged in the business of food retailing and related real estate. The Company's principal business segments include Food Retailing, and Investments and Other Operations. The Food retailing segment operates through its wholly owned subsidiary, Sobeys Inc. (Sobeys). The Food retailing segment comprises three operating segments, namely Sobeys National, Farm Boy and Longo's. Sobeys serves the food shopping needs of customers with approximately 1,600 retail stores (corporate, franchise, affiliate) as well as over 350 retail fuel locations. The Investments and other operations segment principally consists of investments in Crombie REIT, real estate partnerships and various other corporate operations. Crombie REIT owns, operates and develops a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores and mixed-use developments primarily in Canada's urban and suburban markets. |
| Financial Overview |
| For the 39 weeks ended 03 February 2024, Empire Company Ltd revenues increased 1% to C$23.32B. Net income increased 15% to C$576.3M. Revenues reflect Retail Sales, Total increase of 1% to C$23.32B. Net income benefited from Merchandise Margins, Total - % increase of 3% to 26.2%. Dividend per share increased from C$0.50 to C$0.55. Basic Earnings per Share excluding Extraordinary Items increased from C$1.93 to C$2.31. |
| Employees: | 67,000 as of May 6, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $14,759M as of Feb 3, 2024 |
| Annual revenue (TTM): | $30,730M as of Feb 3, 2024 |
| EBITDA (TTM): | $2,280M as of Feb 3, 2024 |
| Net annual income (TTM): | $759.20M as of Feb 3, 2024 |
| Free cash flow (TTM): | $1,188M as of Feb 3, 2024 |
| Net Debt Last Fiscal Year: | $7,036M as of Feb 3, 2024 |
| Shares outstanding: | 243,223,633 as of Apr 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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