Income Statement Empire Company Limited

Stocks

EMP.A

CA2918434077

Food Retail & Distribution

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-07-17 EDT			5-day change	1st Jan Change
48.95 ^CAD	-0.63%		-0.14%	+2.58%

06-22	Competition Bureau to Advance Investigation Into Empire's Use of Canada Property Controls	MT
06-22	Empire Company Limited authorizes a Buyback Plan.	CI

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Published financial data: EMPIRE COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: May	2022	2023	2024	2025	2026
Revenues	30.16B	30.48B	30.73B	31.28B	31.95B
Gain (Loss) on Sale of Investment, Total (Rev)	-	-	-	-	-
Other Revenues, Total	110M	104M	66.8M	83M	79M
Total Revenues	30.27B	30.58B	30.8B	31.36B	32.03B
Cost of Goods Sold, Total	22.5B	22.69B	22.66B	22.9B	23.29B
Gross Profit	7.77B	7.9B	8.14B	8.46B	8.74B
Selling General & Admin Expenses, Total	6.46B	6.7B	6.93B	7.2B	7.47B
Other Operating Expenses	-47M	-	-39.6M	-	-
Other Operating Expenses, Total	6.41B	6.7B	6.89B	7.2B	7.47B
Operating Income	1.35B	1.19B	1.25B	1.26B	1.28B
Interest Expense, Total	-302M	-284M	-304M	-319M	-315M
Interest And Investment Income	26.1M	23.8M	26M	26M	33M
Net Interest Expenses	-276M	-260M	-278M	-293M	-282M
Other Non Operating Income (Expenses)	1.5M	1M	19.2M	6M	11M
EBT, Excl. Unusual Items	1.08B	935M	988M	973M	1B
Restructuring Charges	-29.5M	-1.6M	-67M	-41M	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	23.1M	44.7M	108M	57M	38M
Asset Writedown	7.4M	-12.9M	-300K	-12M	-747M
Other Unusual Items	-	-	-	18M	12M
EBT, Incl. Unusual Items	1.08B	965M	1.03B	995M	308M
Income Tax Expense	270M	238M	266M	249M	62M
Earnings From Continuing Operations	811M	728M	763M	746M	246M
Net Income to Company	811M	728M	763M	746M	246M
Minority Interest	-65.5M	-41.7M	-37.4M	-46M	-48M
Net Income - (IS)	746M	686M	725M	700M	198M
Net Income to Common Incl Extra Items	746M	686M	725M	700M	198M
Net Income to Common Excl. Extra Items	746M	686M	725M	700M	198M
Per Share Items
Net EPS - Basic	2.81	2.65	2.92	2.94	0.86
Basic EPS - Continuing Operations	2.81	2.65	2.92	2.94	0.86
Basic Weighted Average Shares Outstanding	265M	259M	248M	238M	230M
Net EPS - Diluted	2.8	2.64	2.92	2.93	0.86
Diluted EPS - Continuing Operations	2.8	2.64	2.92	2.93	0.86
Diluted Weighted Average Shares Outstanding	266M	259M	248M	239M	230M
Normalized Basic EPS	2.3	2.1	2.34	2.36	2.53
Normalized Diluted EPS	2.29	2.09	2.33	2.36	2.52
Dividend Per Share	0.6	0.66	0.73	0.8	0.88
Payout Ratio	21.02	24.81	25.06	27.14	101.52
Supplemental Items
EBITDA	1.8B	1.66B	1.72B	2.29B	2.35B
EBITA	1.39B	1.23B	1.28B	1.29B	1.3B
EBIT	1.35B	1.19B	1.25B	1.26B	1.28B
EBITDAR	1.74B	1.6B	1.68B	2.26B	2.32B
Effective Tax Rate - (Ratio)	24.99	24.62	25.85	25.03	20.13
Total Current Taxes	231M	212M	170M	215M	206M
Total Deferred Taxes	39.5M	25.6M	96.3M	34M	-144M
Normalized Net Income	610M	543M	580M	562M	580M
Interest Capitalized	600K	1.6M	1.8M	7M	8M
Interest on Long-Term Debt	302M	286M	305M	319M	315M
Non-Cash Pension Expense	6.1M	5.1M	4.9M	5M	5M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	-61.2M	-59.3M	-46.3M	-32M	-34M
Imputed Operating Lease Interest Expense	-20.29M	-18.48M	-15.54M	-11.26M	-11.47M
Imputed Operating Lease Depreciation	-40.91M	-40.82M	-30.76M	-20.74M	-22.53M
Stock-Based Comp., SG&A Exp. (Total)	18.9M	-5.9M	-3.8M	86M	17M
Stock-Based Comp., Other (Total)	14.6M	17.3M	9.1M	-	-
Total Stock-Based Compensation	33.5M	11.4M	5.3M	86M	17M

Fiscal Period: May	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	812M	221M	260M	285M	291M
Total Cash And Short Term Investments	812M	221M	260M	285M	291M
Accounts Receivable, Total	633M	769M	793M	789M	838M
Other Receivables	48.7M	90.8M	69.7M	54M	138M
Notes Receivable	-	-	-	-	-
Total Receivables	681M	859M	863M	843M	976M
Inventory	1.59B	1.74B	1.77B	1.83B	1.92B
Prepaid Expenses	128M	131M	162M	173M	204M
Other Current Assets, Total	-	-	47.3M	-	-
Total Current Assets	3.21B	2.96B	3.1B	3.13B	3.39B
Gross Property Plant And Equipment	10.81B	10.97B	11.39B	11.76B	11.81B
Accumulated Depreciation	-2.65B	-2.78B	-2.91B	-3.12B	-3.39B
Net Property Plant And Equipment	8.16B	8.2B	8.48B	8.64B	8.42B
Long-term Investments	685M	702M	688M	720M	721M
Goodwill	2.06B	2.07B	2.06B	2.06B	2.06B
Other Intangibles, Total	1.34B	1.38B	1.35B	1.36B	1.33B
Accounts Receivable Long-Term	504M	541M	548M	559M	513M
Loans Receivable Long-Term	45.5M	45.6M	52.8M	77M	69M
Deferred Tax Assets Long-Term	425M	404M	305M	270M	423M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	165M	193M	197M	206M	160M
Total Assets	16.59B	16.48B	16.79B	17.02B	17.08B
Liabilities
Accounts Payable, Total	2.99B	3.03B	3.03B	2.96B	2.84B
Accrued Expenses, Total	1.4M	-	-	162M	188M
Current Portion of Long-Term Debt	581M	101M	114M	225M	195M
Current Portion of Leases	510M	564M	585M	597M	636M
Current Income Taxes Payable	128M	61.3M	104M	73M	66M
Other Current Liabilities	31.3M	103M	54M	79M	207M
Total Current Liabilities	4.24B	3.86B	3.89B	4.1B	4.13B
Long-Term Debt	596M	911M	982M	857M	1.05B
Long-Term Leases	5.78B	5.62B	5.68B	5.78B	5.97B
Unearned Revenue Non Current	9.2M	-	5.1M	4M	12M
Pension & Other Post Retirement Benefits	178M	167M	160M	162M	188M
Deferred Tax Liability Non Current	260M	269M	266M	262M	262M
Other Non Current Liabilities	401M	322M	338M	309M	312M
Total Liabilities	11.46B	11.15B	11.32B	11.48B	11.93B
Common Stock, Total	2.03B	1.92B	1.78B	1.66B	1.58B
Additional Paid In Capital	37.2M	50.1M	56.2M	30M	94M
Retained Earnings	2.91B	3.22B	3.48B	3.7B	3.33B
Comprehensive Income and Other	13.2M	18.8M	19.7M	22M	-4M
Total Common Equity	4.99B	5.2B	5.34B	5.41B	5B
Minority Interest	142M	136M	128M	134M	149M
Total Equity	5.13B	5.34B	5.47B	5.54B	5.15B
Total Liabilities And Equity	16.59B	16.48B	16.79B	17.02B	17.08B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	262M	252M	242M	232M	224M
ECS Total Common Shares Outstanding	263M	253M	242M	233M	225M
Book Value / Share	19	20.53	22.07	23.26	22.23
Tangible Book Value	1.59B	1.76B	1.93B	2B	1.62B
Tangible Book Value Per Share	6.07	6.94	7.97	8.58	7.2
Total Debt	7.46B	7.2B	7.36B	7.46B	7.86B
Net Debt	6.65B	6.98B	7.1B	7.18B	7.57B
Debt Equivalent of Unfunded Proj. Benefit Obligation	89.4M	79.6M	71.3M	70M	96M
Debt Equivalent Oper. Leases	-490M	-474M	-370M	-256M	-272M
Minority Interest, Total (Incl. Fin. Div)	142M	136M	128M	134M	149M
Equity Method Investments, Total	682M	702M	688M	720M	721M
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	373M	372M	428M	419M	395M
Buildings, Total	1.18B	1.21B	1.28B	1.37B	1.37B
Machinery, Total	2.79B	2.81B	2.95B	3.13B	3.24B
Full Time Employees	130K	131K	128K	129K	130K
Accumulated Allowance for Doubtful Accounts (Supple)	24.2M	21.4M	28.4M	30M	32M

Fiscal Period: May	2022	2023	2024	2025	2026
Net Income	746M	686M	725M	700M	198M
Depreciation & Amortization - CF	872M	916M	950M	1B	1.05B
Amortization of Goodwill and Intangible Assets - (CF)	39.6M	38.8M	33.4M	29M	28M
Depreciation & Amortization, Total	912M	955M	983M	1.03B	1.08B
Amortization of Deferred Charges, Total - (CF)	57M	77.4M	88.6M	90M	93M
(Gain) Loss From Sale Of Asset	-23.1M	-44.7M	-108M	-57M	-38M
Asset Writedown & Restructuring Costs	-7.4M	12.9M	300K	17M	602M
(Income) Loss On Equity Investments - (CF)	9.5M	-10.2M	19.3M	-3M	6M
Stock-Based Compensation (CF)	14.6M	17.3M	9.1M	16M	10M
Other Operating Activities, Total	446M	219M	435M	306M	147M
Change In Accounts Receivable	-	-	5.6M	10M	-40M
Change In Inventories	-	-	-21.2M	-56M	-83M
Change In Accounts Payable	-	-	-38.7M	104M	-68M
Change in Other Net Operating Assets	-46.8M	-307M	-24M	-31M	9M
Cash from Operations	2.11B	1.61B	2.07B	2.13B	1.91B
Capital Expenditure	-633M	-574M	-705M	-640M	-696M
Sale of Property, Plant, and Equipment	166M	48.9M	146M	127M	190M
Cash Acquisitions	-242M	-18.7M	-19.2M	-15M	-6M
Sale (Purchase) of Intangible assets	-147M	-184M	-93.5M	-137M	-135M
Investment in Marketable and Equity Securities, Total	-124M	-3.4M	-6.1M	-26M	-25M
Net (Increase) Decrease in Loans Originated / Sold - Investing	105M	50M	80M	96M	118M
Other Investing Activities, Total	-15M	-3.8M	-10.2M	-2M	4M
Cash from Investing	-891M	-685M	-608M	-597M	-550M
Long-Term Debt Issued, Total	94.6M	425M	182M	218M	409M
Total Debt Issued	94.6M	425M	182M	218M	409M
Long-Term Debt Repaid, Total	-663M	-1.1B	-627M	-780M	-821M
Total Debt Repaid	-663M	-1.1B	-627M	-780M	-821M
Repurchase of Common Stock	-249M	-350M	-400M	-400M	-400M
Common Dividends Paid	-157M	-170M	-182M	-190M	-201M
Common & Preferred Stock Dividends Paid	-157M	-170M	-182M	-190M	-201M
Other Financing Activities, Total	-320M	-319M	-401M	-353M	-342M
Cash from Financing	-1.29B	-1.51B	-1.43B	-1.5B	-1.36B
Net Change in Cash	-78.2M	-591M	38.3M	25M	6M
Supplemental Items
Cash Interest Paid	288M	282M	291M	319M	317M
Cash Income Tax Paid (Refund)	113M	320M	106M	240M	306M
Levered Free Cash Flow	981M	565M	757M	1.1B	728M
Unlevered Free Cash Flow	1.17B	743M	947M	1.29B	924M
Change In Net Working Capital	-101M	290M	111M	-77M	227M
Net Debt Issued / Repaid	-568M	-673M	-444M	-562M	-412M

Fiscal Period: May	2022	2023	2024	2025	2026
Profitability
Return on Assets	5.33	4.51	4.68	4.66	4.68
Return on Total Capital	6.99	5.94	6.14	6.1	6.13
Return On Equity %	16.85	13.9	14.12	13.55	4.6
Return on Common Equity	15.93	13.46	13.76	13.02	3.8
Margin Analysis
Gross Profit Margin %	25.67	25.82	26.42	26.99	27.3
SG&A Margin	21.34	21.92	22.5	22.98	23.31
EBITDA Margin %	5.94	5.44	5.6	7.31	7.34
EBITA Margin %	4.61	4.03	4.15	4.11	4.07
EBIT Margin %	4.48	3.91	4.05	4.02	3.98
Income From Continuing Operations Margin %	2.68	2.38	2.48	2.38	0.77
Net Income Margin %	2.46	2.24	2.35	2.23	0.62
Net Avail. For Common Margin %	2.46	2.24	2.35	2.23	0.62
Normalized Net Income Margin	2.01	1.77	1.88	1.79	1.81
Levered Free Cash Flow Margin	3.24	1.85	2.46	3.49	2.27
Unlevered Free Cash Flow Margin	3.86	2.43	3.07	4.13	2.89
Asset Turnover
Asset Turnover	1.91	1.85	1.85	1.86	1.88
Fixed Assets Turnover	3.83	3.74	3.69	3.66	3.75
Receivables Turnover (Average Receivables)	47.48	43.5	39.36	39.54	39.27
Inventory Turnover (Average Inventory)	14.56	13.61	12.89	12.7	12.41
Short Term Liquidity
Current Ratio	0.76	0.77	0.8	0.77	0.82
Quick Ratio	0.35	0.28	0.29	0.28	0.31
Operating Cash Flow to Current Liabilities	0.5	0.42	0.53	0.52	0.46
Days Sales Outstanding (Average Receivables)	7.81	8.37	9.25	9.21	9.27
Days Outstanding Inventory (Average Inventory)	25.49	26.75	28.23	28.66	29.32
Average Days Payable Outstanding	48.14	47.96	48.63	46.25	45.13
Cash Conversion Cycle (Average Days)	-14.84	-12.83	-11.16	-8.39	-6.54
Long Term Solvency
Total Debt/Equity	145.35	134.86	134.58	134.63	152.5
Total Debt / Total Capital	59.24	57.42	57.37	57.38	60.4
LT Debt/Equity	124.11	122.4	121.8	119.81	136.37
Long-Term Debt / Total Capital	50.58	52.12	51.92	51.06	54.01
Total Liabilities / Total Assets	69.06	67.62	67.43	67.42	69.84
EBIT / Interest Expense	4.49	4.21	4.1	3.95	4.05
EBITDA / Interest Expense	7.51	7.57	7.34	7.18	7.46
(EBITDA - Capex) / Interest Expense	5.41	5.55	5.02	5.18	5.25
Total Debt / EBITDA	3.29	3.35	3.3	3.26	3.34
Net Debt / EBITDA	2.93	3.25	3.18	3.13	3.22
Total Debt / (EBITDA - Capex)	4.57	4.57	4.83	4.52	4.75
Net Debt / (EBITDA - Capex)	4.07	4.43	4.66	4.35	4.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.83	1.02	0.71	1.82	2.13
Gross Profit, 1 Yr. Growth %	6.92	1.63	3.05	4.02	3.28
EBITDA, 1 Yr. Growth %	8.78	-5.97	3.85	7.91	4.49
EBITA, 1 Yr. Growth %	8.66	-9.66	3.89	9.89	4.49
EBIT, 1 Yr. Growth %	7.88	-9.88	4.47	10.53	4.68
Earnings From Cont. Operations, 1 Yr. Growth %	6.16	-10.3	4.8	-2.23	-67.02
Net Income, 1 Yr. Growth %	6.32	-8.02	5.71	-3.58	-71.71
Normalized Net Income, 1 Yr. Growth %	9.12	-8.22	7.03	9.31	8.13
Diluted EPS Before Extra, 1 Yr. Growth %	7.69	-5.71	10.61	0.34	-70.65
Accounts Receivable, 1 Yr. Growth %	-0.85	21.5	3.17	-0.5	6.21
Inventory, 1 Yr. Growth %	6.09	9.54	1.63	3.44	4.69
Net Property, Plant and Equip., 1 Yr. Growth %	6.56	0.49	3.46	1.84	-2.52
Total Assets, 1 Yr. Growth %	9.36	-0.66	1.86	1.36	0.36
Tangible Book Value, 1 Yr. Growth %	-12.36	10.23	9.76	3.47	-18.84
Common Equity, 1 Yr. Growth %	14.15	4.19	2.71	1.29	-7.52
Cash From Operations, 1 Yr. Growth %	13.31	-23.81	29.22	2.6	-10.16
Capital Expenditures, 1 Yr. Growth %	11.78	-9.29	22.81	-9.22	8.75
Levered Free Cash Flow, 1 Yr. Growth %	38.66	-41.27	34.13	56.58	-31.97
Unlevered Free Cash Flow, 1 Yr. Growth %	31.36	-35.48	27.61	45.55	-27.14
Dividend Per Share, 1 Yr. Growth %	15.38	10	10.61	9.59	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.52	3.89	0.87	1.26	1.98
Gross Profit, 2 Yr. CAGR %	7.5	4.24	2.34	3.54	3.65
EBITDA, 2 Yr. CAGR %	12.24	0.31	-1.23	17.45	5.23
EBITA, 2 Yr. CAGR %	13.73	-1.98	-3.18	2.3	5.44
EBIT, 2 Yr. CAGR %	13.43	-2.48	-3.04	2.78	5.8
Earnings From Cont. Operations, 2 Yr. CAGR %	15.06	-2.42	-3.05	1.25	-43.22
Net Income, 2 Yr. CAGR %	13.06	-1.11	-1.39	1.02	-47.78
Normalized Net Income, 2 Yr. CAGR %	15.14	-1.45	-0.98	1.86	6.21
Diluted EPS Before Extra, 2 Yr. CAGR %	14.12	0.77	2.12	5.35	-45.73
Accounts Receivable, 2 Yr. CAGR %	2.37	9.76	11.96	1.32	2.8
Inventory, 2 Yr. CAGR %	3.37	7.8	5.51	2.54	4.07
Net Property, Plant and Equip., 2 Yr. CAGR %	8.61	3.48	1.97	2.65	-0.37
Total Assets, 2 Yr. CAGR %	6.49	4.23	0.59	1.61	0.86
Tangible Book Value, 2 Yr. CAGR %	7.39	-1.72	9.99	6.58	-8.36
Common Equity, 2 Yr. CAGR %	12.78	9.05	3.44	2	-3.22
Cash From Operations, 2 Yr. CAGR %	0.42	-7.09	-0.78	15.11	-3.99
Capital Expenditures, 2 Yr. CAGR %	7.4	0.7	5.55	5.57	-0.64
Levered Free Cash Flow, 2 Yr. CAGR %	6.01	-10.61	-11.32	39.32	2
Unlevered Free Cash Flow, 2 Yr. CAGR %	4.91	-8.67	-9.32	32.11	1.95
Dividend Per Share, 2 Yr. CAGR %	11.8	12.66	10.3	10.1	9.79
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.23	4.66	2.82	1.18	1.55
Gross Profit, 3 Yr. CAGR %	7.86	5.51	3.84	2.9	3.45
EBITDA, 3 Yr. CAGR %	24.67	5.23	1.44	9.02	12.28
EBITA, 3 Yr. CAGR %	32.85	4.58	-0.1	-1.89	1.92
EBIT, 3 Yr. CAGR %	34.24	4.29	-0.26	-1.67	2.27
Earnings From Cont. Operations, 3 Yr. CAGR %	24.9	5.9	-0.07	-2.76	-30.34
Net Income, 3 Yr. CAGR %	24.41	5.54	1.11	-2.09	-33.91
Normalized Net Income, 3 Yr. CAGR %	31.01	5.67	1.24	-1.68	2.3
Diluted EPS Before Extra, 3 Yr. CAGR %	25.4	7.08	3.94	1.52	-31.19
Accounts Receivable, 3 Yr. CAGR %	12.51	8.38	7.52	7.64	2.92
Inventory, 3 Yr. CAGR %	3.35	5.39	5.7	4.82	3.25
Net Property, Plant and Equip., 3 Yr. CAGR %	40.98	5.83	3.48	1.92	0.89
Total Assets, 3 Yr. CAGR %	20	4.05	3.43	0.85	1.19
Tangible Book Value, 3 Yr. CAGR %	5.18	8.33	1.97	7.78	-2.67
Common Equity, 3 Yr. CAGR %	7.63	9.84	6.9	2.72	-1.28
Cash From Operations, 3 Yr. CAGR %	33.5	-8.41	3.71	0.31	5.98
Capital Expenditures, 3 Yr. CAGR %	15.47	1.52	7.59	0.37	6.62
Levered Free Cash Flow, 3 Yr. CAGR %	49.12	-13.48	2.28	4.4	8.85
Unlevered Free Cash Flow, 3 Yr. CAGR %	49.52	-11.25	2.06	3.99	7.62
Dividend Per Share, 3 Yr. CAGR %	10.89	11.2	11.97	10.06	10.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.83	4.7	4.05	3.29	2.48
Gross Profit, 5 Yr. CAGR %	5.99	5.65	5.62	4.72	3.77
EBITDA, 5 Yr. CAGR %	20.09	19.06	13.21	9.93	7.31
EBITA, 5 Yr. CAGR %	30.81	29.16	16.56	3.64	0.32
EBIT, 5 Yr. CAGR %	32.9	31.2	17.34	3.65	0.32
Earnings From Cont. Operations, 5 Yr. CAGR %	36.29	32.26	12.86	4.01	-20.28
Net Income, 5 Yr. CAGR %	36.31	33.88	13.37	3.71	-22.35
Normalized Net Income, 5 Yr. CAGR %	37.59	37.59	16.42	4.09	0.75
Diluted EPS Before Extra, 5 Yr. CAGR %	37.01	35.09	15.51	6.39	-19.85
Accounts Receivable, 5 Yr. CAGR %	8.87	12.15	12.29	5.5	5.6
Inventory, 5 Yr. CAGR %	3.78	6.85	4.21	4.24	5.05
Net Property, Plant and Equip., 5 Yr. CAGR %	21.88	24.08	23.85	4.55	1.92
Total Assets, 5 Yr. CAGR %	13.8	13.73	11.82	3.07	2.39
Tangible Book Value, 5 Yr. CAGR %	-1.97	-1.12	7.08	7.63	-2.29
Common Equity, 5 Yr. CAGR %	6.49	7.03	5.94	6.63	2.73
Cash From Operations, 5 Yr. CAGR %	24.36	12.78	18.56	0.36	0.55
Capital Expenditures, 5 Yr. CAGR %	6.56	19.08	11.4	3.12	4.21
Levered Free Cash Flow, 5 Yr. CAGR %	16.11	3.52	20.67	4.64	0.57
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.18	6.74	22.02	4.03	0.76
Dividend Per Share, 5 Yr. CAGR %	7.91	9.46	10.66	10.76	11.1