QUOTE AND NEWS
Reuters  Oct 29  Comment 
Canada's Competition Bureau said on Tuesday it had approved the sale of cinemas by Empire Company Ltd to Cineplex and Landmark after requesting some changes.
North American Interests  Oct 16  Comment 
Empire Company Ltd (tsx:EMP.A) is the parent of Sobeys Stores Limited, the food retailing unit which contributes 99.0% of revenue to the Empire Group (up from 98.3% in 2011 due to the divestment of Wajax property business but that will change next...
Forbes  Jul 10  Comment 
In trading on Tuesday, shares of Empire Co Ltd (Toronto: EMP-A) crossed above their 200 day moving average of $56.01, changing hands as high as $56.50 per share. Empire Co Ltd shares are currently trading up about 0.4% on the day. The chart below...
Forbes  Jul 9  Comment 
On 7/11/12, Empire Co Ltd (Toronto: EMP-A) will trade ex-dividend, for its quarterly dividend of $0.24, payable on 7/31/12. As a percentage of EMP.A's recent stock price of $55.35, this dividend works out to approximately 0.43%. Click here to...
North American Interests  Jun 17  Comment 
          T he February 8, 2012 announcement from Empire Company Limited concerning the retirement of Sobeys CEO Bill McEwan came as no surprise to those already aware of his recent health problems, but that doesn't mean there won't be a...
Canadian Business  Mar 8  Comment 
TORONTO - Empire Co. Ltd. (TSX:EMP.A), the parent of the Sobeys grocery chain, reported a drop in its latest quarterly earnings as competition in
Canadian Business  Sep 14  Comment 
STELLARTON, N.S. - Empire Company Ltd. (TSX:EMP.A) and the Sobey Foundation said Tuesday that they have signed a deal to sell their 27.6 per cent
Canadian Business  Aug 16  Comment 
STELLARTON, N.S. - Supermarket giant Sobeys Inc. is freshening up its headquarters.The chain, which is owned by Empire Company Ltd.
Canadian Business  Jun 25  Comment 
STELLARTON, N.S. - Sobey's grocery store chain owner Empire Company Ltd. (TSX:EMP.A) reported Friday a fourth-quarter profit of $73.5 million, up
Canadian Business  Mar 10  Comment 
STELLARTON, N.S. - Sobey's grocery store owner Empire Company Ltd. (TSX:EMP.A) reported Wednesday a third-quarter profit of $68.3 million, up from




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Empire Company LTD is one of Canada's big 3 grocers besides Metro Inc and Loblaw Companies. It holds roughly 23% of the Canadian market for food retailing well behind Loblaw Companies at 40%. It is still headquartered in the small town of Stellarton, Nova Scotia despite efforts by the province of Ontario to get the company to relocate there (Nova Scotia helped pay for Sobeys Atlantic newest head office).

History

In 1946 Sobeys Frank Sobey purchased the Barker's chain of 8 stores and a warehouse (before then they company operated only a couple small stores). [1]

In November of 1999 Sobeys tookover the Oshawa Group which parented the banners IGA and Price Chopper. [2] The acquisition of Oshawa Group triped company revenue and helped push sales past $10 billion in 2000.

Sobeys Stores Limited was publicly traded between December 1999 and June 2007; In June 2007 Empire Company paid $1.06 billion for the shares it didn't already own (28%).[3]

Financials

Nearly all of Empire's revenue ($7.9632 of $8.05 billion in 3Q12 + 4Q12) and profit ($154.1 of $172m in 3Q12 + 4Q12). Prior to the divestment of 27.5% of Wajax Income Fund, invesetment contributed about 0.5% more to revenue.

Discount Food Market

In 2011 Sobeys launched FreshCo when it replaced a couple dozen Price Chopper locations with the new FreshCo concept in Ontario. By 2012 the number of locations grew to 57. The new stores will compete directly with No Frills (Metro's discount banner is Food Basics). [4]

Non-Food Operations

The company's gas station business (236 of the 276 locations were recently purchased from Shell) is managed by Sobeys. A big reason for the acquisition was so that Sobeys could expand its Needs convenience store franchise. The move makes Sobeys more horizontally integrated and adds more value to its Compliments private label.

Deal With Target

In 2011 Target (TGT) picked Sobeys as its provider of most of the food products used in its stores. The deal most certainly gives more credibility to Sobey's Compliments private label while also giving Sobeys an edge over Wal-Mart (WMT).

Sobeys-affiliated food retailers (companies, brands)

Sobeys, FreshCo, Foodland, IGA, IGA Extra (Quebec only), Thrifty Fods (British Columbia only), Fast Fuel gas stations (Atlantic Canada only), Shell gas stations (189 in Quebec, rest in maritimes), Needs convenience stores, Price Choppers, Boni Choix (Quebec), Tradition (Quebec), Lawtons Drug Stores (maritimes only, no plan to expand into the rest of Canada), LCBO liquor stores. more info [5]

References

  1. Recently dismantled Sobeys landmark had a history (December 2, 2011).
  2. Company Spotlight: Sobeys (June 21, 2012).
  3. grocerynews.org: Sobeys history (2012).
  4. loblaws sobeys competition. Retrieved on July 2, 2012.
  5. Loblaws Sobeys. Retrieved on July 2, 2012.
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