Sobeys parent Empire says it earned $261.0M in its latest quarter, up from $187.5Min the same quarter last year, boosted by the sale of its gas stations in Western Canada to Shell.
The grocer, which owns Sobeys, Safeway and other banners, says the profit amounted to $1.03 per share for the quarter ended Aug. 5, up from a profit of 71 cents per share a year earlier.
Empire completed the sale of its gas stations in Western Canada to Shell for $100 million during the quarter. The retailer said the deal boosted its quarterly results by $71.5 million
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