Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Q1 2024 Earnings Presentation
11 slides from Empire Co Ltd Class A's earnings presentation, Sep 14, 2023
Slide 1: Q1 F24 Earnings
Q1 F24 Earnings September 14, 2023
Slide 2: Disclaimers
Disclaimers Forward-Looking Information This presentation contains forward-looking statements which are presented for the purpose of assisting the reader to contextualize the Company’s financial position and understand management’s expectations regarding the Company’s strategic priorities, objective
Slide 3: Highlights and Outlook: Q1-F24
Highlights and Outlook: Q1-F24 Q1 F2024 Highlights Outlook / Business Updates • Same-store sales, excluding fuel, increased by 4.1%. • Despite market volatility, EMP.A delivered strong Q1 results, reflecting consistent execution (positive SSS and strong margin control). • Gross margin, excluding fue
Slide 4: First Quarter Financial Summary
First Quarter Financial Summary Q1 F2024 Results Q1 F24 Q1 F23 ($ million, unless otherwise noted) 13 weeks 13 weeks Sales $8,076 $7,938 Same-store sales (%), excluding fuel 4.1% 0.4% Gross Profit $2,075 $1,978 Gross margin (%)(1) 25.7% 24.9% Selling and Administrative Costs $1,741 $1,652 Selling an
Slide 5: Long-Term Financial Framework
Long-Term Financial Framework Empire introduced its long-term financial framework: 8% to 11% Long Term Average Adjusted EPS Growth Driven by our intention to improve Sales, Gross Margin (ex. Fuel), and adjusted EBITDA margin Continued Focus on Stores Enhanced Focus on Digital and Data Efficiency and
Slide 6: Continued Focus on Stores
Continued Focus on Stores Renovations Space Productivity 20%–25% of network over 3 years Improve store layouts, optimize • Sales and margin uplift category/product adjacencies, tailoring • Enhanced store productivity assortment BETTER DATA STORE FOCUSED SALES/SQ.FT. • Store department optimization C
Slide 7: Enhanced Focus on Digital and Data: Scene+
Enhanced Focus on Digital and Data Launched and rolled out Scene+, a differentiated national loyalty platform — driving incremental sales and earnings in year one Co-owner Personalization Drive Data Ownership to at Scale Incrementality Drive Insights Differentiated Connected Banners to Drive New Cus
Slide 8: Enhanced Focus on Digital and Data: Voilà
Enhanced Focus on Digital and Data Key Areas of Focus Superior In-Stock Position Best-in-Class Delivery Experience Substantial Assortment Extremely low substitution rate, White glove delivery 39K SKUs at mature CFCs Differentiated Freshness Ongoing Innovation Loyalty & Personalization Omni-Channel F
Slide 9: Efficiency and Cost Optimization
Efficiency and Cost Optimization Strategic Supply Chain Organization Sourcing Drive efficiency and cost • Drive supply chain productivity and • Turnaround Era (F18 - F23): effectiveness through various cost effectiveness Transitioned from a regional to initiatives (non exhaustive): national organiza
Slide 10: ESG Goals: Steady and tangible progress
ESG1 Goals: Steady and tangible progress Planet CLIMATE ACTION CLIMATE ACTION CLIMATE ACTION CLIMATE ACTION We’re reducing our impacts and taking action on climate change to do Near-term Scope 1 and 2 targets validated by Science Based Targets initiative (SBTi): Committed to 15% 75% Conducted first
Slide 11: Executive Leadership Team
Executive Leadership Team Michael Medline President & Chief Executive Officer Pierre St-Laurent Matt Reindel Sandra Sanderson Doug Nathanson Julia Knox Simon Gagné Chief Operating Officer Chief Financial Officer Chief Marketing Officer EVP, Chief Development Chief Technology and Chief Human Officer