Thursday, August 28, 2014

Empire Company Limited - EMP.a.t

Empire Company Limited - EMP.a.t is a Canadian company headquartered in Stellarton, Nova Scotia. Empire’s key businesses include food retailing and corporate investment activities.

The company operates through wholly-owned subsidiary Sobeys Inc., and a 41.6% equity accounted interest in Crombie REIT. With $21 billion in annual sales and $12.2 billion in assets, Empire and its subsidiaries, including franchisees and affiliates, employ more than 125,000 people.

On June 26, 2014 the company released Numbers

Empire Company Limited (“Empire” or the “Company”) (TSX: EMP.A) today announced financial results for its fourth quarter and full year ended May 3, 2014. In the fourth quarter, the Company recorded adjusted net earnings from continuing operations, net of non-controlling interest, of $131.3 million ($1.42 per diluted share) compared to $95.7 million ($1.40 per diluted share) in the fourth quarter last year.

($ in millions, except per share amounts)
52 Weeks Ended
May 3, 2014
52 Weeks Ended
May 4, 2013
Sales $ 20,993.0
 $ 17,400.8
Operating income 328.5
   Adjusted operating income(2) 630.2   
Net earnings from continuous operations(1) 151.0
Net earnings (1) 235.4
Adjusted net earnings from continuous operations(1)(2)  383.1  356.8
Per Share Information (fully diluted)
 Net earnings from continuous operations(1) $1.88
Net earnings(1) 2.93 5.58
Adjusted net earnings from continuous operations(1)(2) 4.78
Book value 61.75 54.82
Dividends 1.04 0.96
(1) Net of non-controlling interest.
(2) Excludes items which are considered not indicative of underlying business operating performance.

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