Empire Company posted record Q1 earnings and raised its fiscal 2027 store expansion plans, citing strong productivity gains and e-commerce growth despite a challenging consumer environment.
Empire reported record Q1 FY2027 EPS of C$1.04 up 14.3% YoY, strong EBITDA growth, raised store opening plans, and maintained EPS growth outlook at high end of 8-11%.
Empire Company Limited delivered a strong fiscal Q1 2027, reporting record diluted EPS of C$1.04, a 14.3% increase year-over-year. Driven by disciplined cost controls and an 11.3% surge in e-commerce sales, the grocery retailer raised its annual store opening target to over 25 locations while maintaining its adjusted EPS growth outlook at the high end of its 8%–11% framework.
Growth is fueled by disciplined productivity initiatives, cost efficiencies, an 11.3% increase in e-commerce sales, and strategic store expansions.
Management reports minimal impact from current trade tensions and is working with suppliers to preserve customer value rather than accepting tariff-related cost increases.