|Bid||32.57 x 0|
|Ask||32.61 x 0|
|Day's Range||32.08 - 32.60|
|52 Week Range||23.88 - 37.43|
|Beta (5Y Monthly)||0.29|
|PE Ratio (TTM)||15.11|
|Forward Dividend & Yield||0.52 (1.61%)|
|Ex-Dividend Date||Jul. 14, 2020|
|1y Target Est||37.67|
Top executives from Loblaw, Sobeys and Metro told a House of Commons committee on Friday that the decisions to cancel pandemic pay raises were made independently, despite the fact the changes occurred on the same day.
EDMONTON, AB, July 10, 2020 /CNW/ - The power of music struck a memorable chord in Alberta last month with the history-making launch of "Brett Kissel – Live at the Drive-In." A first-of-its-kind, social-distanced drive-in country music concert series, the event from Brett Kissel and Safeway Canada raised funds for Food Banks Alberta. Thanks to Safeway Canada's support and Albertans' generosity, one hundred per cent of the event's ticket sales went to Food Banks Alberta and Enoch Cree Nation, garnering a total donation of more than $70,000.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Arc Resources (TSX:ARX) and B2Gold (TSX:BTO)(USA) raised dividends in June. Are these dividend stocks buys in today's environment? The post 3 Stocks That Raised Dividends in June appeared first on The Motley Fool Canada.
These two TSX stocks offer safety as well as stable growth. Investors can consider these amid increasing broad market uncertainty.The post 2 TSX Stocks to Buy Right Now if You Have $1,000 appeared first on The Motley Fool Canada.
Investors with some cash to start the summer should target stocks like Empire Company Ltd. (TSX:EMP.A) to guard against a correction.The post Have $1,000? 3 Stocks to Buy in a Correction appeared first on The Motley Fool Canada.
Here's why Empire stock should be part of your portfolio right now. The post This TSX Stock Has Been a Star Performer During the COVID-19 Pandemic appeared first on The Motley Fool Canada.
B2Gold (TSX:BTO)(NYSE:BTG) and Empire Company (TSX:EMP.A) recently announced dividend increases. Are these two income stocks buys today? The post Income Investing: Weekly Dividend Raises appeared first on The Motley Fool Canada.
Sobeys is launching a new grocery delivery service in the Greater Toronto Area that will bring groceries from a high-tech warehouse to customers within one hour.
Billionaire Ryan Cohen has only two stock holdings which he continues to hold. The Empire stock and Metro stock, both consumer-defensive, are the ideal pair if investors wish to follow Cohen's lead.The post This Billionaire Bet It All on 2 Stocks appeared first on The Motley Fool Canada.
STELLARTON, NS, June 22, 2020 /CNW/ - Today, Empire Company Limited ("Empire" or the "Company") (TSX:EMP-A.TO - News) introduces the future of online grocery home delivery to the Greater Toronto Area ("GTA"). The Company's newest ecommerce platform, Voilà by Sobeys has a freshness guarantee and products at affordable prices with no hidden fees, delivered straight to customers' doors in convenient one-hour delivery windows.
Senior executives at Canada’s largest grocery stores will be summoned to a House of Commons committee to explain why pandemic pay raises were cancelled last week.
Yahoo Finance Canada's Alicja Siekierska and strategy expert Mark Satov discuss the cancellation of pandemic pay raises for workers at Loblaw, Metro and Sobeys. If you’re a business owner and have a question about how to deal with the coronavirus pandemic, leave it in the comment section below and it will be answered in the next episode of Crisis Management.
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,479.83, up 51.14 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 3.92 per cent, to 49 cents on 14.8 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Down 20 cents, or 3.2 per cent, to $6.05 on 9.1 million shares.Cardinal Resources Ltd. (TSX:CDV). Materials. Up 10.5 cents, or 23.08 per cent, to 56 cents on 7.6 million shares.The Bank of Nova Scotia (TSX:BNS). Financials. Down 51 cents, or 0.87 per cent, to $57.90 on 7 million shares. H&R Real Estate Investment (TSX:HR.UN). Real estate. Down 19 cents, or 1.81 per cent, to $10.30 on 6.9 million shares.HEXO Corp. (TSX:HEXO). Health care. Down six cents, or 5.41 per cent, to $1.05 on 6.9 million shares.Companies in the news:Bombardier Inc. — The chairman of Bombardier Inc. is defending the multimillion-dollar compensation plan handed to former CEO Alain Bellemare. Pierre Beaudoin, grandson of the Quebec giant's founder, told shareholders at the company's annual meeting Thursday that the board "respected the company's contractual obligations" to the former chief executive. The package Bellemare received when he stepped down in April could reach $17.5 million, including a minimum $10 million in severance and nearly $2.7 million in share awards. He will rake in an additional $4.9 million if the sale of Bombardier's rail unit to France's Alstom SA goes through following regulatory scrutiny.Empire Co. Ltd. (TSX:EMP.A). Up $1.57, or 5.03 per cent, to $32.76. Empire Co. Ltd. raised its dividend as it reported a fourth-quarter profit of $177.8 million, up from $122.1 million in the same quarter last year, as shoppers stocked up due to the pandemic and sales rose. The parent company of Sobeys and Safeway grocery stores in Canada says it will now pay a quarterly dividend of 13 cents per share, up from 12 cents. The increased payment to shareholders came as Empire said its profit amounted to 66 cents per diluted share for the quarter ended May 2, up from 45 cents per diluted share a year earlier. Sales totalled $7.01 billion, up from $6.22 billion, while same-store sales rose 15 per cent.This report by The Canadian Press was first published June 18, 2020.The Canadian Press
Customers seeking one-stop-shop options helped push Empire Co.'s fourth-quarter profits beyond analysts' expectations as the COVID-19 pandemic continued to unfold in Canada."Canadians are also shopping less frequently by consolidating their trips to reduce exposure to COVID," said chief executive Michael Medline in a conference call with analysts after the company released its fourth-quarter results while discussing how the pandemic has impacted consumer shopping behaviour.That has resulted in fewer transactions, but bigger basket sizes, he said, noting the number of customers with baskets totalling more than $100 has tripled since the pandemic started.The company, which owns the Sobeys and Safeway grocery stores, expects the days of consumers visiting multiple grocery stores in a single week are over for the foreseeable future as they are instead gravitating to a single shop at a store that can meet all their household needs, he said.Empire "is extremely well-positioned" for this type of consumer that has become the norm since early March, wrote Irene Nattel, an analyst with RBC Dominion Securities Inc., in a note.The industry has also seen a shift to online grocery shopping during the coronavirus outbreak, said Medline, adding online grocery penetration has seen an increase over the past three months to levels the company didn't expect for three years.However, Empire still expects overall online shopping penetration over the next few years to remain below those seen in the United Kingdom and United States. Medline estimates it could comprise about five per cent of the market as Canada catches up to other parts of the world."Online, executed well, will also put a halo over the bricks-and-mortar brand," he said.The company already offers e-commerce options in Quebec and British Columbia, but has accelerated the launch of its new delivery service dubbed Voila to later this month in parts of the Greater Toronto Area, he said, in an effort to meet the increasing demand for delivery.In early 2018, Empire announced a partnership with British firm Ocado to build an automated warehouse in the GTA to fulfil online grocery orders.The commentary came as Empire reported its fourth-quarter profit rose to $177.8 million or 66 cents per diluted share for the quarter ended May 2, up from $122.1 million or 45 cents per diluted share in the same quarter last year.Sales totalled $7.01 billion, up from $6.22 billion, while same-store sales rose 15 per cent. Same-store sales excluding fuel grew 18 per cent.On an adjusted basis, Empire said it earned $181.2 million or 67 cents per diluted share for the quarter, up from an adjusted profit of $126.5 million or 46 cents per diluted share a year ago.Analysts on average had expected an adjusted profit of 62 cents per share, according to financial markets data firm Refinitiv.Empire believes it gained the most market share over the past three months in both full-service and discount store models, said Medline."We saw market share gains over the back half of the quarter that we would have been happy to achieve over the next five years," he said, declining to provide a figure.He attributed the gains to the company's full-service model stores attracting customers looking for a one-stop shop, a resilient supply chain, in-store execution and significant gains in the discount banner."We plan to protect a good portion of these share gains as we move forward," he said.The company also announced it completed its three-year transformation plan and would raise its dividend. It will now pay a quarterly dividend of 13 cents per share, up from 12 cents.Despite the positive performance, Empire joined its competitors Loblaw Companies Ltd. and Metro Inc. in ending extra pay for its store workers during the pandemic on June 13.This report by The Canadian Press was first published June 18, 2020.Companies in this story: (TSX:EMP.A)Aleksandra Sagan, The Canadian Press
Fourth Quarter Summary Same-store sales excluding fuel increased by 18.0% Earnings per share of $0.66 compared to $0.45 last year Adjusted earnings per share of $0.67 compared to $0.46 last year Project ...
Empire progresses FreshCo discount expansion, announcing first two Alberta locations and four new Manitoba locations
Media Advisory - Empire Company Limited Advisory of Q4 and Full Year Fiscal 2020 Results Conference Call
Boring dividend stalwarts like Fortis Inc. (TSX:FTS)(NYSE:FTS) and Empire Company (TSX:EMP.A) have quietly delivered some pretty exciting returns. The post Yawn All the Way to The Bank With These 3 Dividend Stalwarts appeared first on The Motley Fool Canada.
Deveron UAS Corp. (CSE:DVR) (“Deveron” or the “Company”), a leading agriculture digital services and insights provider in North America, is pleased to announce revenue growth of 181% year over year to $283,420 in Q1 2020. For the fourth quarter in a row, Deveron achieved sales growth of over 100%.
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Dollarama (TSX:DOL) and this other stock are some of the safer investments to have in your portfolio right now.The post Where to Invest $5,000 Right Now appeared first on The Motley Fool Canada.
Today we'll evaluate Empire Company Limited (TSE:EMP.A) to determine whether it could have potential as an investment...
STELLARTON, NS, April 28, 2020 /CNW/ - Following last week's terrible events in Nova Scotia, Sobeys Inc. and the Sobey Family will make a $425,000 donation to the Stronger Together Nova Scotia Fund. The Government of Nova Scotia and the Canadian Red Cross have established the Fund to support the individuals, families and communities impacted by the tragedy.