National Bank Financial Lifts Earnings Estimates for Empire

Empire (TSE:EMP) – Equities research analysts at National Bank Financial increased their Q1 2026 earnings per share estimates for Empire in a research note issued to investors on Monday, November 25th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $0.93 per share for the quarter, up from their prior estimate of $0.92.

Empire (TSE:EMP) last posted its quarterly earnings results on Thursday, September 12th. The company reported C$0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.88 by C$0.02. The business had revenue of C$8.14 billion for the quarter, compared to analysts’ expectations of C$8.07 billion.

Separately, Cibc World Mkts upgraded Empire to a “strong-buy” rating in a research note on Friday, September 13th.

Empire Price Performance

Empire has a 12-month low of C$23.00 and a 12-month high of C$25.49.

Empire Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of ∞. The ex-dividend date was Tuesday, October 15th.

About Empire

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.