Market remains tough and volatile for Sobeys

Date : 12 December 2013
Sobeys’ second quarter sales increased by 2.0% to $4.4bn, with same-store sales up 0.2%. Net earnings from continuing operations within the food division decreased by 27.1% to $56.3m, impacted by transaction costs related to the acquisition of Canada Safeway and lower gross margins. Pressures on…
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