Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Q3 2020 Earnings Presentation
7 slides from Empire Co Ltd Class A's earnings presentation, Mar 12, 2020
Slide 1: Q3 F2020 Earnings Call
Q3 F2020 Earnings Call March 12, 2020
Slide 2: CEO's Direct Reports
CEO’s Direct Reports Michael Medline President & Chief Executive Officer Pierre Vivek Mike Sarah Michael Simon Sandra Doug Vittoria Mohit St-Laurent Sood Venton Joyce Vels Gagné Sanderson Nathanson Varalli Grover Chief Operating Related Discount E-commerce Chief Human Marketing General Counsel Susta
Slide 3: Third Quarter Highlights
Third Quarter Highlights • Same-store sales excluding fuel increased by 0.8%; two-year stacked of 4.1% • Adjusted earnings per share of $0.46 compared to $0.27 last year. o Current year includes negative impact of IFRS 16 ($0.02 per share) – see slide 6 o Prior year includes labour buyout and store
Slide 4: Third Quarter Financial Summary
Third Quarter Financial Summary Quarter 3 (1)(2) Actual Last Year Sales $6,395.2 $6,247.3 Same-store sales, excluding fuel 0.8% 3.3% Internal food inflation 2.2% 1.8% Gross Profit $1,557.7 $1,511.7 Gross margin 24.4% 24.2% (3) Selling and Administrative Costs (adjusted) $1,352.6 $1,439.4 Selling and
Slide 5: Discount Expansion
Discount Expansion OVERVIEW DISCOUNT EXPANSION TO WESTERN CANADA Sobeys expects to convert up to 25% of its 255 Safeway and Sobeys full service format stores in Western Canada to its FreshCo discount format. The Company continues to be on track to open approximately 65 locations within the initial f
Slide 6: IFRS 16 Impact
IFRS 16 Impact 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 the third quarter and year-to-date of fiscal 2020. • This standard will not impact Empire's strategy,
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