Empire Co. Ltd. (EMP-A.TO) Thursday said its fourth-quarter profit, net of minority interest, increased to C$92.1 million or C$1.35 per share from C$82.5 million or C$1.21 per share in the comparable quarter last year.
Adjusted earnings, net of minority interest, was C$89.5 million or C$1.32 per share, compared to C$81.3 million or C$1.20 per share last year.
On average, four analysts polled by Thomson Reuters expected the company to earn C$1.16 per share for the quarter. Analysts' estimates typically exclude special items.
Fourth-quarter revenues decreased to C$4.07 billion from C$4.15 billion last year. Sobeys' same-store sales increased 1.4 percent from last year.
Revenues were up 2.8 percent, after adjusting for the impact of the additional week of operations last year and the acquisition of 236 retail gas locations and related convenience store operations in the fourth quarter.
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by RTT Staff Writer
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