Q4 2025 Empire Company Ltd Earnings Call Transcript
Key Points
- Empire Co Ltd (EMLAF) reported a strong fourth quarter with an EPS of $0.74, reflecting a 17.5% growth year over year.
- The company achieved a same-store sales growth of 3.8%, marking the fourth consecutive quarter of sequential growth.
- Empire Co Ltd (EMLAF) gained market share and observed a positive shift in customer behavior, with increased basket size and a preference for fresh products.
- The company announced a 10% increase in its quarterly dividend, marking the 30th consecutive year of dividend growth.
- Empire Co Ltd (EMLAF) plans to open 24 new stores in fiscal 2026, significantly increasing its capital investment to $850 million, focusing on store network expansion.
- SG&A expenses were elevated due to a $49 million increase in share-based compensation expenses, impacting EPS by $0.15.
- The company faces ongoing volatility and unpredictability in the Canadian consumer market and economy.
- Empire Co Ltd (EMLAF) is not seeing inflation outside of historical norms, but the macroeconomic environment remains challenging.
- The competitive grocery market in Canada remains intense, requiring continuous strategic adjustments.
- The company is cautious about the potential impact of tariffs and trade environment changes on consumer confidence and pricing.
Good morning, ladies and gentlemen, and welcome to the Empire fourth quarter 2025 conference call. (Operator Instructions) This call is being recorded on Thursday, June 19, 2025.
I would now like to turn the conference over to Katie Brine, Vice President of Investor Relations. Please go ahead.
Thank you, Joelle. Good morning, and thank you all for joining us for our fourth quarter conference call. Today, we will provide summary comments on our results and then open the call for questions. This call is being recorded, and the audio recording will be available on the company's website at empireco.ca. There is a short summary document outlining the points of the quarter available on our website.
Joining me on the call this morning are Michael Medline, President and Chief Executive Officer; Costa Pefanis, our new Chief Financial Officer; Pierre St-Laurent, Chief Operating Officer; and Matt Randall, our former Chief Financial Officer.
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