Promotional activity and food deflation have dented Sobey’s like-for-like growth, with declines offset only by an increase in selling space.

While total sales at Sobeys rose 1.5% in the third quarter, same-store sales at the Candian retailer fell off by 0.4% year-on-year during the three months to 29 January, parent company, Empire Co. revealed yesterday (8 March).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

This marks an acceleration of Sobey’s same-store sales decline, with sales down 0.1% for the year to date.

The company said that an increase in total sales were a “direct result” of increased selling space and indicated that like-for-like growth at the unit remains pressed due to food deflation and increased merchandising.

Empire said that group net earnings rose to C$277.2m (US$285.7m) in the year to 29 January, up from C$228.4m last year. Total revenues edged up by 1.4% to C$11.84bn, Empire added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.