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Empire Co Cl A NV ( ($TSE:EMP.A) ) just unveiled an announcement.
Empire Company Limited reported fiscal 2026 third-quarter sales of $7.89 billion, up 2.1% year over year, driven by a 3.0% increase in food sales and 2.0% same-store food sales growth. Despite solid operational performance, the company posted a net loss of $385 million, or $1.68 per share, due to a $746 million impairment tied to its e-commerce review, while adjusted earnings rose 12.3% to $164 million and adjusted EPS climbed to $0.72.
The retailer expects the e-commerce restructuring to generate approximately $95 million in annualized operating income benefits, beginning in the fourth quarter of fiscal 2026 and reaching full run-rate in fiscal 2027. Management highlighted strong performance in full-service formats and stable gross margins, and reaffirmed a strategy centered on store investments, enhanced digital and data use, and ongoing cost efficiencies to support long-term adjusted EPS growth and shareholder returns, including through share repurchases and a higher dividend.
The most recent analyst rating on ($TSE:EMP.A) stock is a Hold with a C$51.00 price target. To see the full list of analyst forecasts on Empire Co Cl A NV stock, see the TSE:EMP.A Stock Forecast page.
Spark’s Take on TSE:EMP.A Stock
According to Spark, TipRanks’ AI Analyst, TSE:EMP.A is a Neutral.
Empire Co Cl A NV’s overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting growth in core business and strategic investments. However, technical indicators suggest a bearish trend, and valuation metrics are moderate, impacting the overall score.
To see Spark’s full report on TSE:EMP.A stock, click here.
More about Empire Co Cl A NV
Empire Company Limited is a Canadian food retailing conglomerate headquartered in Stellarton, Nova Scotia, and listed on the TSX under the symbol EMP.A. The company operates a portfolio of grocery formats and banners across the country, with a focus on full-service food retail, fuel, and related convenience offerings, and is increasingly investing in digital and data capabilities to better understand and serve its customers.
Average Trading Volume: 494,192
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$11.05B
For detailed information about EMP.A stock, go to TipRanks’ Stock Analysis page.