- Empire Co’s adjusted earnings per share (EPS) for the second quarter were C$0.73, surpassing last year’s C$0.71 and the estimated C$0.67.
- The company’s sales reached C$7.78 billion, marking a 0.3% increase from the previous year, although slightly below the estimated C$7.88 billion.
- Adjusted EBITDA rose by 4.2% year-over-year to C$600.7 million, exceeding the estimate of C$573.4 million.
- Comparable sales excluding fuel increased by 1.8%, compared to a 2% rise the previous year and surpassing the estimated growth of 1.26%.
- Michael Medline, President and CEO of Empire, noted strong quarterly results attributed to effective execution and an improving economic and consumer climate.
- Analysts’ recommendations include 2 buys, 5 holds, and 1 sell for Empire’s stock.
A look at Empire Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Empire Company Limited, a diversified company with key operations in food distribution, real estate, and corporate investments, presents a mixed outlook based on the Smartkarma Smart Scores. While the company shows strong momentum with a top score of 5 in that category, other factors such as value, dividend, and growth all receive a moderate score of 3. This indicates a stable performance in these areas but not exceptional. However, the company scores lower in resilience, with a score of 2, suggesting potential vulnerability to market fluctuations or challenges.
In conclusion, despite Empire Co Ltd‘s strong momentum and decent performance in value, dividend, and growth, its lower resilience score may raise concerns about its ability to withstand adverse conditions in the long term. Investors should closely monitor how the company addresses its resilience factor to ensure a more robust and sustainable future outlook.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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