Acquisitions Boost Sobeys’ Q2 Results

STELLARTON, Nova Scotia — The addition of acquired gas stations and convenience stores helped Empire Cos. boost sales and profits during the fiscal second quarter, the company said Thursday.

Empire is the parent of the Sobeys chain.

Net earnings in the quarter, which ended Nov. 3, improved 19.5% to $94.7 million (U.S.) on an overall sales gain of 9.1% to $4.5 billion (U.S.). Excluding the effect

Register to view the full article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish