20 September 2022
We review Sobeys’ first quarter performance and the outlook for the year ahead as it continues to advance its ecommerce, value and loyalty initiatives.
Q1 key numbers
Total sales increased 4.1% to $7,938m
Same-store sales, ex-fuel, increased 0.4%
Excluding fuel, gross margin increased 63 basis points
Net earnings flat (-$1.0m)
Final year of Project Horizon
The retailer s...