Financial Highlights

Empire Company Limited (TSX: EMP.A) Management’s primary objective is to maximize the long-term sustainable value of Empire through enhancing the worth of the Company’s net assets. This is accomplished through direct ownership and equity participation in businesses that management understands and believes to have the potential for long-term sustainable growth and profitability, principally food retailing and related real estate.

($ in millions, except per share amounts) 52 Weeks Ended
May 1, 2021(1)
52 Weeks Ended
May 2, 2020
52 Weeks Ended
May 4, 2019
Sales $ 28,268.3 $ 26,588.2 $ 25,142.0
Gross profit(2) 7,199.3 6,633.3 6,083.6
Gross margin(2) 25.5% 24.9% 24.2%
Operating income 1,299.5 1,111.8 652.3
EBITDA(2) 2,143.8 1,892.4 1,069.5
EBITDA margin(2) 7.6% 7.1% 4.3%
Net earnings(3) 701.5 583.5 387.3
      per share (fully diluted) 2.60 2.15 1.42
Book value per common share(2) 16.30 14.51 14.72
Dividends per share 0.52 0.48 0.44

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(1) Effective the first quarter of fiscal 2021 and for comparative purposes, adjusted operating income, adjusted EBITDA, adjusted net earnings and related metrics have been removed due to their immaterial nature.
(2) See “Glossary” section of this website.
(3) Attributable to owners of the Company.