Safeway Canada boosts Sobeys Q1 profits

Safeway Canada boosts Sobeys Q1 profits

The addition of Safeway Canada stores provided Sobeys with a 35.4% boost in sales and even higher gains in profitability during the fiscal first quarter, according to Sobeys parent company Empire Cos., which reported financial results Thursday.

For the 13-week quarter, which ended Aug. 2, Sobeys reported sales of $5.6 billion (U.S.), with comparable-store sales increasing by 1.3%. Gross margin as a percent of sales improved by 2

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