Sobeys Reports Sales, Earnings Gain in Q3

Despite encountering challenges of rapid price deflation and price competition, Sobeys eked out small gains in same-store sales and operating income during the fiscal third quarter.

STELLARTON, Nova Scotia — Despite encountering challenges of rapid price deflation and price competition, Sobeys eked out small gains in same-store sales and operating income during the fiscal third quarter.

The results came despite Sobeys cycling a year-ago period with 4% inflation and the benefit of a labor strike affecting one of its competitors, noted Bill McEwan, chief executive officer of Sobeys, speaking i

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