Empire Company Limited (T:EMP*CA)

Business Focus: Food Retail & Distribution

Sector:  Consumer Non-Cyclicals Industry:  Food Retail & Distribution
See Regulatory Filings on SEDAR
Company Contact
Address: 115 King Street
Tel: N/A
Website: www.empireco.ca
IR: See website
Key People
James M. Dickson
Independent Chairman of the Board
Sarah Joyce
Senior Vice President - E-Commerce
Michael B. Medline
President, Chief Executive Officer, Director
Michael H. Vels
Chief Financial Officer, Executive Vice President
Pierre St-Laurent
Chief Operating Officer, Executive Vice President, Full Service
Simon Gagne
Executive Vice President - Human Resources
Vivek Sood
Executive Vice President - Related Businesses
Douglas B. Nathanson
Senior Vice President, General Counsel, Secretary
Sandra Sanderson
Senior Vice President of Marketing
Mohit Grover
Senior Vice President, Innovation & Strategy
Business Overview
Empire Company Limited is engaged in the business of food retailing and related real estate. The Company's segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc., which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton's Drug Stores, as well as more than 350 retail fuel locations. The Company's Investments and Other Operations segment includes equity accounted interest in Crombie REIT, which is an open-ended real estate investment trust owning a portfolio of over 260 retail and office properties across Canada, and equity accounted interests in Genstar Development Partnership, Genstar Development Partnership II, GDC Investments 4, L.P., GDC Investments 6, L.P., GDC Investments 7, L.P., GDC Investments 8, L.P. and The Fraipont Partnership (collectively, Genstar).
Financial Overview
For the 13 weeks ended 01 August 2020, EmpireCompany Limited revenues increased 9% to C$7.36B. Netincome increased 47% to C$191.9M. Revenues reflect RetailSales, Total increase of 9% to C$7.35B. Net incomebenefited from Food Distribution segment income increase of46% to C$371.9M, Merchandise Margins, Total - % increase of2% to 25.1%. Dividend per share increased from C$0.12 toC$0.13.
Employees: 127,000 as of Aug 1, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $16,068M as of Aug 1, 2020
Annual revenue (TTM): $27,278M as of Aug 1, 2020
EBITDA (TTM): $1,942M as of Aug 1, 2020
Net annual income (TTM): $644.80M as of Aug 1, 2020
Free cash flow (TTM): $1,280M as of Aug 1, 2020
Net Debt Last Fiscal Year: $5,962M as of Aug 1, 2020
Shares outstanding: 269,109,117 as of Aug 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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