{"id":78265,"date":"2026-09-10T13:07:11","date_gmt":"2026-09-10T13:07:11","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/09\/10\/sobeys-parent-empire-reports-9-9-jump-in-net-earnings-as-fuel-sales-soar\/"},"modified":"2026-09-10T13:07:11","modified_gmt":"2026-09-10T13:07:11","slug":"sobeys-parent-empire-reports-9-9-jump-in-net-earnings-as-fuel-sales-soar","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/09\/10\/sobeys-parent-empire-reports-9-9-jump-in-net-earnings-as-fuel-sales-soar\/","title":{"rendered":"Sobeys parent Empire reports 9.9% jump in net earnings as fuel sales soar"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><iframe loading=\"lazy\" title=\"As home prices fall, is it better to buy or rent?\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/DyUgMZpUdeY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p> Empire Co. Ltd. reported net earnings of $233 million in its first quarter, up 9.9 per cent from the prior year, for a 14.3 per cent increase in earnings per share to $1.04, a record high for a first quarter. <\/p>\n<p> Sales at the parent company of grocery chain Sobeys grew 2.6 per cent to almost $8.5 billion. This includes a 1.7 per cent increase in food sales driven by full-service and discount banners and an 18.4 jump in fuel sales due to higher fuel prices. <\/p>\n<p> \u201cDespite the market environment that remains challenging, with customers highly focused on overall value and affordability, our banners continue to perform well,\u201d chief executive Pierre St-Laurent said during Thursday\u2019s earnings call. <\/p>\n<p> Same-store sales grew 2.2 per cent from 1.8 per cent the previous year. Same-store sales growth for food was 1.2 per cent, down from 1.9 per cent a year ago, while same-store sales for fuel grew 18.9 per cent, up from a decline of 13.4 per cent. <\/p>\n<ul class=\"related_links\">\n<li>Loblaw brings back tariff produce labels amid trade war<\/li>\n<li>What is surveillance pricing and is it coming to a grocery store near you?<\/li>\n<\/ul>\n<p> <em>More to come \u2026<\/em> <\/p>\n\n<br \/>Sobeys parent Empire reports 9.9% jump in net earnings as fuel sales soar<\/a><br \/>\n<br \/>2026-09-10 13:07:11<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Empire Co. Ltd. reported net earnings of $233 million in its first quarter, up 9.9 per cent from the prior year, for a 14.3 per cent increase in earnings per&#8230;<\/p>\n","protected":false},"author":2,"featured_media":78266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/09\/sobeys-gs0910.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-78265","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/78265","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=78265"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/78265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/78266"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=78265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=78265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=78265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}