13 December 2019
We review Sobeys’ second quarter performance as it enters the final phase of its turnaround plan, Project Sunrise.
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Second quarter sales increased 3.6% to $6.4bn, with same-store sales up 2.0%. Sales growth was broad-based across its formats, with customer count and basket size up. The retailer also saw strong growth in operating income, up 65.2% to $286.4m, supp...