Empire Company Limited
EMP-A.TO · TSX
Company research
Empire Company Limited (TSX: EMP-A.TO) is a major Canadian food retail and real estate conglomerate headquartered in Stellarton, Nova Scotia, with roots tracing back to 1907 and incorporation in 1963 by the Sobey family. Operating through two core segments — Food Retailing and Investments and Other Operations — the company conducts its grocery business via its wholly-owned subsidiary Sobeys Inc., which owns, affiliates, or franchises over 1,600 stores across all ten Canadian provinces under well-known banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs, while also operating e-commerce platforms such as Voilà and ThriftyFoods.com. With approximately $31 billion in annual sales and $17 billion in assets, Empire employs roughly 129,000 people, making it Canada's second-largest grocer. Its investment segment includes a significant stake in Crombie Real Estate Investment Trust, focused on grocery- and pharmacy-anchored commercial properties, as well as equity interests in Genstar partnerships involved in residential real estate development across Canada and the United States.
Research reports
Simply Wall St provides a structured fundamental analysis of Empire, highlighting declining earnings, thin profit margins, and dividend coverage concerns alongside analyst‑driven fair value estimates that suggest the shares may be modestly undervalued, while benchmarking performance and volatility against Canadian consumer retail peers.
Fintel · March 23, 2026EMP.A - Empire Company Limited (TSX) - Share Price and NewsFintel’s overview combines a qualitative description of Empire’s grocery‑focused strategy, acquisitions, and modernization initiatives with detailed factor scores, valuation ratios, and an average one‑year price target above the current share price, implying moderate upside potential and solid stability, quality, and value metrics despite only middling analyst and fund sentiment scores.
ChartMill · December 23, 2025EMP-A Fundamental Analysis – EMPIRE CO LTD ‘A’ChartMill’s fundamental report assigns Empire a 4/10 overall score, characterizing profitability and financial health as neutral, valuation as fair rather than cheap, and growth as medium, while pointing to a moderate dividend yield and expected double‑digit EPS growth that collectively indicate a fairly valued, average‑quality grocery retailer without a strongly bullish or bearish skew.