Empire Company, the owners of the Sobeys grocery store chain had a strong first quarter.
The Stellarton-based company reported net earnings for the period ending August first to be $233 million. That’s a 9.9 per cent increase from the same period last year.
Sobeys eliminates plastic bags as first step in removing unnecessary plastic from retail and focuses on promoting reusable, sustainable alternatives. (CNW Group/Sobeys Inc.)
President and CEO Pierre St-Laurent says the positive result was driven by disciplined execution across the business, and progress against its strategic priorities.
Sales for the period totalled $8.4 billion, up 2.6 per cent, while operating income jumped 7.7 per cent.
Empire recently launched its three-year corporate strategy with a focus on customers, stores, growth and cost efficiency.
