Empire Co Ltd Class A · TSX:EMP.A

Empire Co Ltd Class A — Q1 2020 Earnings Presentation

7 slides from Empire Co Ltd Class A's earnings presentation, Sep 12, 2019

  1. Slide 1: Q1 F2020 Earnings Call

    Q1 F2020 Earnings Call September 12, 2019

  2. Slide 2: CEO's Direct Reports

    CEO’s Direct Reports Michael Medline President & Chief Executive Officer Pierre Vivek Mike Sarah Mike Simon Sandra Doug Vittoria Mohit St-Laurent Sood Venton Joyce Vels Gagné Sanderson Nathanson Varalli Grover Executive Executive General Senior Vice Chief Executive Senior Vice Senior Vice Vice Presi

  3. Slide 3: First Quarter Highlights

    First Quarter Highlights • Same-store sales excluding fuel increased 2.4%. • Earnings per share of $0.48 compared to $0.35 last year. • Adjusted earnings per share of $0.49 compared to $0.37 last year. • Gross margin increased 120 basis points over prior year. • Store closure and conversion costs of

  4. Slide 4: First Quarter Financial Summary

    First Quarter Financial Summary Quarter 1 (1)(2)(3) Actual Last Year Sales $6,744.1 $6,460.3 Same-store sales, excluding fuel 2.4% 1.3% Gross Profit $1,660.4 $1,512.3 Gross margin 24.6% 23.4% (4) Selling and Administrative Costs (adjusted) $1,419.2 $1,369.7 Selling and administrative margin 21.0% 21

  5. Slide 5: Discount Expansion to West & Store Closure and Conversion Costs

    Discount Expansion to West & Store Closure and Conversion Costs OVERVIEW DISCOUNT EXPANSION TO WESTERN CANADA In December 2017, Sobeys announced plans to expand its discount format to Western Canada and expects to convert up to 25% of its 255 Safeway and Sobeys full service format stores in Western

  6. Slide 6: IFRS 16 Update

    IFRS 16 Update IFRS 16 OVERVIEW • IFRS 16 intends to align the presentation of leased assets more closely to owned assets. • Impact of the standard has been reflected in the financial statements for first quarter of 2020 (from May 5, 2019). • This standard will not impact Empire's strategy, business

  7. Slide 7: Disclaimers

    Disclaimers Forward-Looking Information This document contains forward-looking statements which are presented for the purpose of assisting the reader to contextualize Empire Company Limited’s (“Empire” or the “Company”) financial position and understand management’s expectations regarding the Compan

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