Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Q3 F2019 Earnings Presentation
7 slides from Empire Co Ltd Class A's earnings presentation, Mar 14, 2019
Slide 1: Q3 F2019 Earnings Call
Q3 F2019 Earnings Call March 14, 2019
Slide 2: Executive Team
EMPIRE COMPANY LIMITED Executive Team Sobveys a SS | Michael Medline President & Chief Executive Officer Mike Sarah Mike Castonguay Venton Joyce Vels Executi Senior Vice Executive Vice Vice President, rf, President, Store Mercha President, E-commerce Clinton Sandra Doug Vittoria Keay Sanderson Natha
Slide 3: Third Quarter Highlights
Third Quarter Highlights • Same-store sales excluding fuel increased 3.3%; strongest in almost 10 years • Same-store sales excluding fuel and pharmacy increased 3.9% • Third consecutive quarter of tonnage growth • Earnings per share of $0.24 compared to $0.21 last year • Adjusted earnings per share
Slide 4: Third Quarter Financial Summary
Third Quarter Financial Summary Quarter 3 Actual¹ LY Sales $6,247.3 $6,029.2 Same-store sales, excluding fuel 3.3% 1.1% Same-store sales, excluding fuel and pharmacy 3.9% 1.4% Gross Profit $1,511.7 $1,444.7 Gross margin 24.2% 24.0% Selling and Administrative Costs (excluding adjustments²) $1,439.4 $
Slide 5: British Columbia Labour Decision
British Columbia Labour Decision OVERVIEW LABOUR BUYOUTS On January 29, 2019, the Company announced progress implementing a labour decision provided by a Special Officer appointed by the Government in British Columbia. • The labour decision set terms that allow the Company to offer voluntary buyouts
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 will be reflected in our financial statements for first quarter of 2020 (from May 5, 2019) • This standard will not impact Empire's strategy, business op
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 the Empire Company Limited’s (“Empire” or the “Company”) financial position and understand management’s expectations regarding the Co