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Sobeys to Buy 20-unit Thrifty Foods
STELLARTON, N.S. and CENTRAL SAANICH, B.C. -- Grocery retailer Sobeys, Inc.; its parent company Empire Co, Ltd.; and supermarket operator Thrifty Foods have entered into an agreement for Sobeys to purchase Thrifty for CAN $260 million (US $249 million), the companies said yesterday. -
Restructuring, Business Costs Eat Into Sobeys' Q4 Earnings
STELLARTON, N.S. -- Sobeys, Inc. yesterday reported quarterly basic net earnings per share of 66 cents, or CAN $43.0 million (US $40.6 million), for its fourth quarter ended May 5, 2007 vs. the 77 cents, or CAN $49.7 million (US $46.9 million), reported in the year-ago period.