{"id":61033,"date":"2025-06-19T13:22:49","date_gmt":"2025-06-19T13:22:49","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/06\/19\/sobeys-parent-empire-hikes-dividend-as-sales-and-profit-rise\/"},"modified":"2025-06-19T13:22:49","modified_gmt":"2025-06-19T13:22:49","slug":"sobeys-parent-empire-hikes-dividend-as-sales-and-profit-rise","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/06\/19\/sobeys-parent-empire-hikes-dividend-as-sales-and-profit-rise\/","title":{"rendered":"Sobeys&#039; parent Empire hikes dividend as sales and profit rise"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><\/p>\n<p> STELLARTON \u2014 <\/p>\n<p>                        Empire Co. Ltd.<\/p>\n<p>                         raised its quarterly dividend as it reported its fourth-quarter profit and sales rose compared with a year ago. <\/p>\n<p> The grocery retailer, which operates <\/p>\n<p>                        Sobeys, Safeway and other banners<\/p>\n<p>                        , says it will now pay a quarterly dividend of 22 cents per share, up from 20 cents. <\/p>\n<p> The increased payment to shareholders came as Empire says it earned a profit attributable to owners of the company of $173 million or 74 cents per diluted share for the quarter ended May 3. The result was up from a profit of $149 million or 61 cents per diluted share a year ago. <\/p>\n<p> Sales for the quarter totalled $7.64 billion, up from $7.41 billion in the same quarter last year. <\/p>\n<p> Same-store rose 3.0 per cent as same-store sales for fuel fell 7.8 per cent driven by lower prices due to the removal of the government carbon tax. Food same-store sales rose 3.8 per cent. <\/p>\n<ul class=\"related_links\">\n<li>Empire says sales of U.S. products &#8216;rapidly&#8217; dropping<\/li>\n<li>Grocers stock up on Canadian suppliers as shoppers avoid buying American<\/li>\n<\/ul>\n<p> On an adjusted basis, Empire says it earned 74 cents per diluted share in its latest quarter, up from an adjusted profit of 63 cents per diluted share a year ago. <\/p>\n\n<br \/>Sobeys&#039; parent Empire hikes dividend as sales and profit rise<\/a><br \/>\n<br \/>2025-06-19 13:22:49<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>STELLARTON \u2014 Empire Co. Ltd. raised its quarterly dividend as it reported its fourth-quarter profit and sales rose compared with a year ago. The grocery retailer, which operates Sobeys, Safeway&#8230;<\/p>\n","protected":false},"author":2,"featured_media":61034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/06\/sobeys-0619-ph.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-61033","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=61033"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/61034"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=61033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=61033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=61033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}