Empire Co. Reports Q4 Profit Surge, Shares Rise

Empire Co. announced on June 18, 2026, a significant increase in its fourth-quarter profit, beating analyst expectations and driving its shares up by 3% in early trading. The Canadian grocery and food distributor reported net income of $200 million, or $0.75 per share, for the quarter ended May 31, 2026. This compares to $150 million, or $0.55 per share, in the same period last year. The company's revenue for the fourth quarter climbed 5% year-over-year to $7.5 billion. This strong financial performance was attributed to effective cost management strategies and robust sales growth across its retail banners, which include Sobeys and Safeway.