STELLARTON, Nova Scotia — A 7% increase in sales at Sobeys stores, including a 5.4% jump in same-store sales, helped boost net income by 12.5% during the fiscal second quarter for Empire Cos., Sobeys’ parent company here said Thursday.
“The positive growth trend in same-store sales and earnings reflects a steadfast focus on day-to-day execution, the impact of merchandising innovations and disciplined implementation of cost and productivity initiatives,” Paul Sobey, president and chief executive officer of Empire, said in a statement.
Net income for the 13-week period ending Nov. 1 was $50.3 million (U.S.) on sales of $3 billion.
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