Empire Company Limited

EMP.A

CA2918434077

Food Retail & Distribution

Market Closed - Toronto S.E. Other stock markets 01:30:00 22/06/2024 am IST			5-day change	1st Jan Change
34.21 ^CAD	+0.32%		+6.54%	-2.40%

21/06	BMO on Empire Company Scaling Back E-commerce	MT
21/06	Empire Price Target Lowered to $41 at RBC	MT

Tranche Update on Empire Company Limited (TSX:EMP.A)'s Equity Buyback Plan announced on June 22, 2023.

March 14, 2024 at 05:45 pm IST

From November 5, 2023 to February 3, 2024, the company has repurchased 2,710,109 shares, representing 1.09% for CAD 97.9 million. With this, the company has completed the repurchase of 6,015,656 shares, representing 2.41% for CAD 220.4 million under the buyback announced on June 22, 2023.

Latest news about Empire Company Limited

BMO on Empire Company Scaling Back E-commerce	21/06	MT
Empire Price Target Lowered to $41 at RBC	21/06	MT
TSX ends higher as railroad, mining stocks notch gains	21/06	RE
TSX boosted by strong gains in energy ,materials	20/06	RE
Transcript : Empire Company Limited, Q4 2024 Earnings Call, Jun 20, 2024	20/06
Empire Co. Brief: Up More Than 6% After Reporting Q4 EPS Normalized $0.63 Vs Forecast $0.62, And Saying It Plans To Be Cautious On Capital Spending Going Forward	20/06	MT
Empire Company Reports Slight Q4 Adjusted Profit Beat, Boosts Dividend	20/06	MT
Empire Company Limited (TSX:EMP.A) announces an Equity Buyback for 12,800,000 shares, representing 8.92% of its issued share capital.	20/06	CI
Tranche Update on Empire Company Limited (TSX:EMP.A)'s Equity Buyback Plan announced on June 22, 2023.	20/06	CI
Empire Co. Brief: Renewed NCIB with Intention to repurchase approximately $400 million of shares; Capital investment program expected to be approximately $700 million	20/06	MT
Empire Co. Brief: In Capital allocation outlook for fiscal 2025, Declared a dividend increase of 9.6%	20/06	MT
Empire Co. Brief: Q4 Revenues $7,411.5 Million Vs Forecast $7,409.97 Million and Last Year $7,408.40 Million	20/06	MT
Empire Co. Brief: Q4 EPS Normalized $0.63 Vs Forecast $0.62 and Last Year $0.72	20/06	MT
Empire Company Limited Declares Quarterly Dividend on Non-Voting Class A Shares and the Class B Common Shares, Payable on July 31, 2024	20/06	CI
Empire Company Limited authorizes a Buyback Plan.	19/06	CI
Canadian Competition Regulator Gets Court Orders to Investigate Use of Property Controls by Sobeys, Loblaw	11/06	DJ
House of Commons Committee Recommends Feds Tackle "Excessive" Profits In Food Sector	25/05	MT
Canadian Grocers Loblaw, Empire Investigated by Competition Bureau, Canadian Press Reports	24/05	DJ
Competition Bureau Probes Alleged Anticompetitive Conduct by Loblaws, Sobeys Owners	24/05	MT
National Bank Previews Empire Company's Q4 -- Expects "Sequentially Consistent" Quarter	23/05	MT
RBC Raises Price Target on Top Pick Loblaw	23/04	MT
Canada Targets 12 Foreign Grocers to Lure to Food-Retailing Market -- 2nd Update	19/04	DJ
Canada Targets 12 Foreign Grocers to Lure to Food-Retailing Market -- Update	19/04	DJ
Grocery giants including Tesco, Woolworths team up to launch $125 million VC fund	08/04	RE
Verdant Technologies to Partner with Sobeys Inc. on Innovation to Eliminate Ice from Sobeys' Broccoli Supply Chain with Harvesthold Fresh	08/04	CI

Chart Empire Company Limited

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Company Profile

Empire Company Limited is a Canadian company engaged in the business of food retailing and related real estate. The Company's principal business segments include Food Retailing, and Investments and Other Operations. The Food retailing segment operates through its wholly owned subsidiary, Sobeys Inc. (Sobeys). The Food retailing segment comprises three operating segments, namely Sobeys National, Farm Boy and Longoâs. Sobeys serves the food shopping needs of customers with approximately 1,600 retail stores (corporate, franchise, affiliate) as well as over 350 retail fuel locations. The Investments and other operations segment principally consists of investments in Crombie REIT, real estate partnerships and various other corporate operations. Crombie REIT owns, operates and develops a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores and mixed-use developments primarily in Canadaâs urban and suburban markets.

Sector

Food Retail & Distribution

Calendar

12/09/2024 - Annual General Meeting

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Income Statement Evolution

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Ratings for Empire Company Limited

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

34.21 CAD

Average target price

38.29 CAD

Spread / Average Target

+11.91%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Food Retail & Distribution

	1st Jan change	Capi.
EMPIRE COMPANY LIMITED	-2.40%	602.72Cr
WALMART INC.	+29.23%	55TCr
SYSCO CORPORATION	+0.30%	3.65TCr
KROGER CO. (THE)	+9.84%	3.62TCr
LOBLAW COMPANIES LIMITED	+20.24%	3.43TCr
WOOLWORTHS GROUP LIMITED	-9.60%	2.72TCr
TESCO PLC	+6.23%	2.68TCr
AEON CO., LTD.	+8.09%	1.83TCr
GEORGE WESTON LIMITED	+14.13%	1.82TCr
CP ALL	-2.68%	1.33TCr

Other Food Retail & Distribution

Empire Company Limited

Equities

EMP.A

CA2918434077

Food Retail & Distribution

Tranche Update on Empire Company Limited (TSX:EMP.A)'s Equity Buyback Plan announced on June 22, 2023.