Company
Empire Company Limited
Headquarters: Stellarton, NS, Canada
Founded: 1963
Employees: 134,000
CEO: Mr. Michael Bennett Medline
Market Cap
C$8.65 Billion
CAD as of Jan. 1, 2024
US$6.53 Billion
Empire Company Limited Categories
Canada Consumer Staples Grocery StoresCanada Consumer Staples Canada Grocery Stores
Company Description
Empire Company Limited is a Canadian conglomerate primarily involved in food retail and retail and residential real estate businesses in Canada and the United States. Founded in 1907, Empire Company operates the Sobeys supermarket chain, and also owns, affiliates, and franchises more than 1,500 retail stores with the Safeway, IGA, Foodland, Farm Boy, FreshCo, Thrifty Foods, and Lawtons Drug brands, together with about 350 retail fuel locations.
Top Competitors by Market Capitalization
Industry: Grocery Stores
| Company | Market Cap (USD) |
|---|---|
| Alimentation Couche-Tard Inc. | $57.69 B |
| Seven & i Holdings Co. Ltd | $35.52 B |
| The Kroger Co. | $33.42 B |
| Woolworths Group Limited | $31.08 B |
| Loblaw Companies Limited | $30.45 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Walmart | $428.87 B |
| Procter & Gamble | $350.35 B |
| Kweichow Moutai | $299.54 B |
| Costco | $287.69 B |
| L'Oréal | $262.20 B |
Detailed Description
Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs; and approximately 350 retail fuel locations, as well as operates grocery e-commerce stores under the banners, such as Voilà by Sobeys, Grocery Gateway, IGA.net, and ThriftyFoods.com. It also owns interest in the Crombie Real Estate Investment Trust, an open-ended real estate investment trust to own, operate, and develop a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores, and mixed use developments; and various equity accounted interests in Genstar partnerships that develop residential real estate properties in Ontario, Western Canada, and the United States. The company was founded in 1907 and is headquartered in Stellarton, Canada.
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Stocks & Indices
Empire Company Limited has the following listings and related stock indices.
Stock: TSX: EMP.A wb_incandescent
Stock: FSX: C15 wb_incandescent
Key People
Michael Medline, President and CEO
Financials
Revenue: $26.588 billion CAD (2019)
Operating income: $1,111.8 million CAD (2019)
Net income: $612.8 million CAD (2019)
Total assets: $14,632.9 billion CAD (2019)
Total equity: $3.924 billion CAD (2019)