Sobey's: First Quarter Results


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Tue. November 22nd, 2011

Empire Company Limited, the parent company of Sobeys, has released its first quarter results for the 2012 fiscal year. The company announced that Sobeys’ same-store sales increased 1.7 percent compared with the first quarter of their previous year. Also, Sobeys has posted a 3.3% sales gain and a 3.6% increase in net-earnings contribution during this fiscal quarter. Paul Sobey, President and CEO stated “We are pleased with our start to fiscal 2012 as both Sobeys and our investments and other operations segments posted increased earnings in a very competitive environment.” <hr class="legacyRuler"><hr class="invisible minimal-padding">www.sobeys.com<hr class="legacyRuler"><hr class="invisible minimal-padding">