Profits under pressure at Sobeys

Date : 13 March 2014
Sobeys’ third quarter sales increased by 40.4% to $6.0bn, impacted by the acquisition of Canada Safeway. Excluding the acquisition, sales were up 2.7%, while same store-sales declined 0.2%. Net earnings from food retailing fell from $67.7m in 2013 to $3.9m, mainly due to sales and gross margin…
OR
Register for free to continue reading...
IGD provides the latest news, research and insight to help businesses in the food and consumer goods industry succeed.
With a free account you can access:
  • In-depth articles on the latest developments in the industry
  • Free guides and whitepapers from our functional experts
  • Access to a range of topic-specific newsletters