(Stellarton) Empire announced Thursday that it has reached a deal that will see it sell 56 gas stations in Western Canada to a subsidiary of Shell Canada for about $100 million in cash.
The parent company of grocery chains Sobeys and IGA also posted a profit of 189.9 million for its most recent quarter, up from 175.4 million for the same period last year.
The grocer’s earnings per share reached 73 cents for the quarter ended Nov. 5, down from 66 cents a year earlier.
Second quarter sales totaled 7.64 billion, up from 7.32 billion in the second quarter last year.
Sales at stores open for at least a year rose 3.9%. Excluding fuel sales, they posted growth of 3.1%.
Empire added that the cost of a cybersecurity incident that occurred last month would be about $25 million, net of insurance recoveries, in its current year bottom line.