Tue Sep 17 06:13:03 UTC 2024: ## Empire Company Ltd. Faces Lower Earnings Estimates

**Toronto, Canada -** National Bank Financial has revised its earnings estimates for Empire Company Limited (TSE:EMP), lowering its forecast for the third quarter of 2025. Analyst V. Shreedhar now projects earnings per share of $0.63 for the quarter, down from the previous estimate of $0.64.

The bank also provided estimates for the company’s future earnings, including $0.72 EPS for the fourth quarter of 2025, $2.84 EPS for fiscal year 2025, $0.69 EPS for the third quarter of 2026, $0.83 EPS for the fourth quarter of 2026, and $3.33 EPS for fiscal year 2027.

Empire, which operates the Sobeys Inc. grocery chain, continues to pay a quarterly dividend of $0.20, payable on October 31st to shareholders of record on October 15th. This represents an annualized dividend of $0.80.

Empire Company Limited is a major player in the Canadian food retail sector, operating over 1,500 stores under various banners including Sobeys, Safeway, and IGA.

**To stay informed about Empire and other related companies, sign up for MarketBeat.com’s FREE daily email newsletter.**

Read More