<p>Sobeys parent company, Empire Company Limited, has announced fourth quarter financial results, highlighted by an increase in sales and earnings.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Sales grew 5.8% to $4.31 billion and net earnings rose from $92.1 million or $1.35 per diluted share to $107.4 million, or $1.58 per share.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Same store sales at Sobeys increased by .6% while EBITDA grew from $222.2 million last year to $235.9 million.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><img class="small-cropped-image" src="https://cdn.andnowuknow.com/legacySmallCroppedImages/sobeys_4th_qtr_june_2013_BODY00.jpg" alt="Cropped Images June 27th 2013" />“We are pleased with our fourth quarter financial results which reflect the continued solid performance of Sobeys and our related real estate businesses,” said Paul Sobey, President and CEO of Empire. “We are also energized by out June 12th announcement to acquire substantially all of the assets of Canada Safeway. The acquisition represents a highly strategic opportunity for Sobeys to leverage its existing asset base and effectively create a new platform for growth.”</p><hr class="legacyRuler"><hr class="invisible minimal-padding">
