Empire Co. Ltd. Reports $146.1M Q3 Profit, Sales Rise 3.1%

Empire Company Limited reported a strong performance for its third quarter of fiscal 2025, achieving a profit of $146.1 million, equating to 62 cents per diluted share, up from $134.2 million or 54 cents per share in the previous year. The company's sales rose to $7.73 billion, a 3.1% increase supported by a 2.5% rise in same-store sales. E-commerce sales surged by 72%, driven by successful initiatives such as Voilà and partnerships with Instacart and Uber Eats. Empire's focus on improving customer data capabilities and store renovations is evident, with plans to renovate 20% to 25% of its stores by fiscal 2026, emphasizing sustainability. Despite challenges like rising SG&A expenses and economic uncertainties, Empire remains committed to enhancing operational efficiency and growing its adjusted EPS. The company’s strong performance reflects effective management strategies and a positive shift in consumer preferences towards fresh products.