Empire Company Limited

EMP.A

CA2918434077

Food Retail & Distribution

Market Closed - Toronto S.E. Other stock markets 21:00:00 26/06/2024 BST			5-day change	1st Jan Change
34.31 ^CAD	-0.44%		+6.03%	-2.11%

06-24	Empire Price Target Raised to $38 at TD	MT
06-21	BMO on Empire Company Scaling Back E-commerce	MT

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

June 20, 2024 at 11:51 am

From February 4, 2024 to June 18, 2024, the company has repurchased 3,480,237 shares, representing 1.42% for CAD 115.4 million. With this, the company has completed the repurchase of 9,495,893 shares, representing 3.83% for CAD 335.8 million under the buyback announced on June 22, 2023.

Latest news about Empire Company Limited

Empire Price Target Raised to $38 at TD	06-24	MT
BMO on Empire Company Scaling Back E-commerce	06-21	MT
Empire Price Target Lowered to $41 at RBC	06-21	MT
TSX ends higher as railroad, mining stocks notch gains	06-20	RE
TSX boosted by strong gains in energy ,materials	06-20	RE
Transcript : Empire Company Limited, Q4 2024 Earnings Call, Jun 20, 2024	06-20
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	06-20	MT
Empire Company Reports Slight Q4 Adjusted Profit Beat, Boosts Dividend	06-20	MT
Empire Company Limited (TSX:EMP.A) announces an Equity Buyback for 12,800,000 shares, representing 8.92% of its issued share capital.	06-20	CI
Empire Company Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended May 04, 2024	06-20	CI
Tranche Update on Empire Company Limited (TSX:EMP.A)'s Equity Buyback Plan announced on June 22, 2023.	06-20	CI
Empire Co. Brief: Renewed NCIB with Intention to repurchase approximately $400 million of shares; Capital investment program expected to be approximately $700 million	06-20	MT
Empire Co. Brief: In Capital allocation outlook for fiscal 2025, Declared a dividend increase of 9.6%	06-20	MT
Empire Co. Brief: Q4 Revenues $7,411.5 Million Vs Forecast $7,409.97 Million and Last Year $7,408.40 Million	06-20	MT
Empire Co. Brief: Q4 EPS Normalized $0.63 Vs Forecast $0.62 and Last Year $0.72	06-20	MT
Empire Company Limited Declares Quarterly Dividend on Non-Voting Class A Shares and the Class B Common Shares, Payable on July 31, 2024	06-20	CI
Empire Company Limited authorizes a Buyback Plan.	06-18	CI
Canadian Competition Regulator Gets Court Orders to Investigate Use of Property Controls by Sobeys, Loblaw	06-11	DJ
House of Commons Committee Recommends Feds Tackle "Excessive" Profits In Food Sector	05-24	MT
Canadian Grocers Loblaw, Empire Investigated by Competition Bureau, Canadian Press Reports	05-24	DJ
Competition Bureau Probes Alleged Anticompetitive Conduct by Loblaws, Sobeys Owners	05-24	MT
National Bank Previews Empire Company's Q4 -- Expects "Sequentially Consistent" Quarter	05-22	MT
RBC Raises Price Target on Top Pick Loblaw	04-23	MT
Canada Targets 12 Foreign Grocers to Lure to Food-Retailing Market -- 2nd Update	04-18	DJ
Canada Targets 12 Foreign Grocers to Lure to Food-Retailing Market -- Update	04-18	DJ

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

11/09/2024 - 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

34.31 CAD

Average target price

38.29 CAD

Spread / Average Target

+11.59%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Food Retail & Distribution

	1st Jan change	Capi.
EMPIRE COMPANY LIMITED	-2.11%	6.05B
SYSCO CORPORATION	-1.16%	35.99B
KROGER CO. (THE)	+8.03%	35.64B
LOBLAW COMPANIES LIMITED	+23.18%	35.22B
AHOLD DELHAIZE N.V.	+7.05%	28.09B
WOOLWORTHS GROUP LIMITED	-8.92%	27.54B
TESCO PLC	+6.13%	26.64B
GEORGE WESTON LIMITED	+18.66%	18.89B
AEON CO., LTD.	+8.44%	18.48B
CP ALL	0.00%	13.62B

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.