- Empire Co’s adjusted earnings per share (EPS) for the second quarter were C$0.69, slightly below last year’s C$0.73 and below the estimated C$0.70.
- The company’s sales increased by 2.8% year-over-year, reaching C$8.00 billion, surpassing the estimated C$7.96 billion.
- Adjusted EBITDA declined by 2.9% year-over-year to C$583.0 million, missing the estimate of C$595.3 million.
- Comparable sales excluding fuel rose by 2.5%, slightly higher than last year’s 1.8% and above the estimated 2.32%.
- All formats contributed to the company’s growth, with Full Service achieving over 2% same-store sales growth.
- The Discount sector maintained its momentum and continued to gain market share.
- Pierre St-Laurent, President and CEO of Empire, stated that the core business is performing well with a 2.5% same-store sales growth.
- Analyst ratings for Empire Co include 4 buy ratings, 4 hold ratings, and 1 sell rating.
A look at Empire Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Empire Co Ltd, a diversified company engaged in food distribution, real estate, and corporate investments, demonstrates a positive long-term outlook based on its Smartkarma Smart Scores. With a strong Value score of 4, Empire Co Ltd is positioned well in terms of its financial health and market position. Additionally, the company receives moderate scores across other key factors including Dividend, Growth, Resilience, and Momentum, indicating a balanced performance across different aspects of its operations.
Overall, Empire Co Ltd appears to be a solid investment opportunity for those seeking a company with a stable financial standing and growth potential. The combination of a high Value score along with moderate scores in Dividend, Growth, Resilience, and Momentum suggests that Empire Co Ltd is well-positioned to weather market fluctuations and capitalize on future opportunities in its various business segments.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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