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Last C$91.18 CAD
Change Today +0.91 / 1.01%
Volume 222.1K
EMP/A On Other Exchanges
Symbol
Exchange
OTC US
Toronto
Frankfurt
As of 4:00 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

empire co ltd 'a' (EMP/A) Snapshot

Open
C$90.76
Previous Close
C$90.27
Day High
C$91.39
Day Low
C$90.04
52 Week High
02/24/15 - C$95.95
52 Week Low
10/16/14 - C$73.26
Market Cap
8.4B
Average Volume 10 Days
269.1K
EPS TTM
C$5.13
Shares Outstanding
58.0M
EX-Date
07/13/15
P/E TM
17.8x
Dividend
C$1.20
Dividend Yield
1.22%
Current Stock Chart for EMPIRE CO LTD 'A' (EMP/A)

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empire co ltd 'a' (EMP/A) Details

Empire Company Limited engages in the food retail, real estate, and investment and other operations in Canada. The company offers its food products through various store formats. As of 2 May, 2015, it owns and franchises approximately 1,500 retail stores under various banners, including Sobeys, Sobeys extra, IGA, IGA extra, Safeway, Thrifty Foods, Foodland, and FreshCo; and approximately 350 retail fuel locations under the Shell, Fast Fuel, and Safeway banners, as well as drug stores. The company also engages in the wholesale distribution of a range of products and services to approximately 5,000 retail stores and independent wholesale accounts; and operation of ‘Cash & Carry’ wholesale outlets in the West and Atlantic provinces to supply various convenience store operators. In addition, the company owns and leases a portfolio of commercial properties; and develops residential properties in Ontario, Western Canada, as well as in the United States. Empire Company Limited was founded in 1907 and is headquartered in Stellarton, Canada.

125,000 Employees
Last Reported Date: 06/24/15
Founded in 1907

empire co ltd 'a' (EMP/A) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$1.0M
Chief Financial and Administrative Officer
Total Annual Compensation: C$536.1K
President of Operations, Western Canada - Sob...
Total Annual Compensation: C$536.1K
President of Sobeys IGA Operations
Total Annual Compensation: C$494.6K
President of Safeway Operations - Sobeys
Total Annual Compensation: C$237.5K
Compensation as of Fiscal Year 2015.

empire co ltd 'a' (EMP/A) Key Developments

Empire Company Limited Announces Board Retirements

Empire Company Limited announced David F. Sobey, Chair Emeritus, Sobeys Inc. and Donald C.R. Sobey, Chair Emeritus, Empire Company Limited, will retire and not re-offer for election to the Empire board of directors at its annual general meeting to be held September 10, 2015.

Empire Company Limited Declares Quarterly Dividend on Non-Voting Class A Shares and Class B Common Shares, Payable on July 31, 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended May 2, 2015

The board of directors of Empire Company Limited declared a quarterly dividend of $0.30 per share on both the Non-Voting Class A shares and the Class B common shares that will be payable on July 31, 2015 to shareholders of record on July 15, 2015. The company reported unaudited consolidated earnings results for the fourth quarter and year ended May 2, 2015. For the quarter, the company reported sales of $5,770.5 million against $5,944.3 million for the same period last year. EBITDA was $236.6 million against $147.4 million for the same period last year. Operating income was $116.2 million against $22.9 million for the same period last year. Adjusted EBITDA was $340.9 million against $321.4 million for the same period last year. Adjusted net earnings from continuing operations were $138.7 million against $132.1 million for the same period last year. Net earnings from continuing operations were $55.4 million against $1.5 million for the same period last year. Net earnings were $55.4 million against $0.8 million for the same period last year. Adjusted EPS from continuing operations (fully diluted) was $1.50 against $1.43 for the same period last year. EPS from continuing operations (fully diluted) was $0.60 against $0.02 for the same period last year. Cash flows from operating activities were $257.7 million compared to $438.7 million a year ago. Property, equipment and investment property purchases were $133.8 million compared to $166.8 million a year ago. Free cash flow was $584.8 million compared to $626.1 million a year ago. The increase in EBITDA was primarily the result of synergies realized of $46.1 million related to the Canada Safeway acquisition, reduced costs associated with the network rationalization and a gain on the disposal of manufacturing facilities, offset by an increase in distribution centre restructuring and organizational realignment costs. Operating income was impacted primarily by the factors previously noted in the sales and EBITDA sections. Earnings before income taxes were $81.6 million against loss of $24.7 million for the same period last year. Earnings for the period attributable to owners of the parent were $58.7 million against $1.3 million for the same period last year. For the year, the company reported sales of $23,928.8 million against $20,957.8 million for the same period last year. EBITDA was $1,226.1 million against $755.3 million for the same period last year. Operating income was $743.6 million against $328.5 million for the same period last year. Adjusted EBITDA was $1,327.9 million against $1,055.6 million for the same period last year. Adjusted net earnings from continuing operations were $518.9 million against $391.4 million for the same period last year. Net earnings from continuing operations were $419.0 million against $151.0 million for the same period last year. Net earnings were $235.4 million against $183.6 million for the same period last year. Adjusted EPS from continuing operations (fully diluted) was $5.62 against $4.88 for the same period last year. EPS from continuing operations (fully diluted) was $4.54 against $1.88 for the same period last year. Cash flows from operating activities were $1,160.5 million compared to $785.3 million a year ago. Property, equipment and investment property purchases were $497.2 million compared to $563.1 million a year ago. Free cash flow was $1,444.5 million compared to $875.3 million a year ago. Earnings (loss) before income taxes were $587.3 million against $195.3 million for the same period last year. Earnings for the period attributable to owners of the parent were $436.9 million against $243.4 million for the same period last year. The increase in EBITDA is largely attributed to Safeway operations, reduced transaction costs associated with the Canada Safeway acquisition, a reduction of network rationalization costs and a gain on the disposal of manufacturing facilities. Operating income increased primarily due to the Safeway operations and the factors affecting sales and EBITDA, partially offset by increased depreciation and amortization expenses related to the Canada Safeway acquisition.

Empire Company Limited, Q4 2015 Earnings Call, Jun 25, 2015

Empire Company Limited, Q4 2015 Earnings Call, Jun 25, 2015

 

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Price/Earnings 18.2x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 11.8x
TEV/Sales 0.1x
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