Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Q4 2019 Earnings Presentation
8 slides from Empire Co Ltd Class A's earnings presentation, Jun 27, 2019
Slide 1: Q4 F2019 Earnings Call
Q4 F2019 Earnings Call June 27, 2019
Slide 2: CEO's Direct Reports
CEO’s Direct Reports EMPIRE COMPANY LIMITED Sobeys + Michael Medline President & Chief Executive Officer Vivek Mike Sood Venton Executive General Manager, Discount Sarah Joyce Senior Vice President, E-commerce Pierre St-Laurent Executive Vice President Vice Chief President, Operating Related Officer
Slide 3: Fourth Quarter Highlights
Fourth Quarter Highlights • Same-store sales excluding fuel increased 3.8%. • Same-store sales excluding fuel and pharmacy increased 4.2%. • Fourth consecutive quarter of tonnage growth. • Earnings per share of $0.45 compared to $0.26 last year. • Adjusted earnings per share of $0.46 compared to $0.
Slide 4: Fourth Quarter Financial Summary
Fourth Quarter Financial Summary Quarter 4 Fiscal 2019 Actual¹ Last Year Actual¹ ² Last Year Sales $6,220.4 $5,886.1 $25,142.0 $24,214.6 Same-store sales, excluding fuel 3.8% 0.0% 2.7% 0.5% Same-store sales, excluding fuel and pharmacy 4.2% 0.3% 3.2% 0.7% Gross Profit $1,577.5 $1,451.3 $6,083.6 $5,9
Slide 5: Capital Expenditures – Fiscal 2019
Capital Expenditures – Fiscal 2019 Actual Last Year Actual Last Year The Company invested $434.6 million in capital expenditures in fiscal 2019. Excluding the impact of capital expenditures by companies acquired during the year, predominantly Farm Boy, the Company invested $427.3 million which was i
Slide 6: British Columbia Labour Decision & Impact
British Columbia Labour Decision & Impact 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 voluntar
Slide 7: 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 the financial statements for first quarter of 2020 (from May 5, 2019) • This standard will not impact Empire's strategy, business op
Slide 8: 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