HomeSample Page

Balanced News: Sample Page Title

Our 'quick read' news summary

Empire Company Ltd. says its net earnings hit $125.7 million in its latest quarter as its Sobeys supermarket chain rebounded from a November cyberattack. The results reported Thursday for the grocery store operator’s third quarter compared with $203.4 million in net earnings during the same period the year before. Its earnings for the period ended Feb. 4 amounted to 49 cents per share, down from 77 cents per share in the third quarter of the prior fiscal year, when Empire said it incurred “unusually large” lease termination income and higher property sales from Crombie Real Estate Investment Trust. Sales, which were driven by the expansion of FreshCo in Western Canada, higher food inflation and increased fuel sales, reached $7.49 billion compared with $7.38 billion in the prior quarter. Empire’s earnings report came as the company based in Stellarton, N.S., recovers from a cyberattack that shut down its pharmacy services and

Read different perspectives from these news sources

Searching for related articles, please check back here later!

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

More top reads from Balanced News Summary

Do you agree with this post's rating?
0
(0)
- Advertisment -
- Advertisment -