Sobeys has reported financial results for its Q3 2018 ended February 2, 2019.

Q3 2018 

  • Sales increased 3.6% to CAD6,247.3 million as compared to CAD6,029.2 million in the prior year.
  • Same-store sales excluding fuel increased 3.3%, while excluding pharmacy same-store sales increased 3.9%
  • Gross Profit increased 4.6% to CAD1,511.7 million as compared to CAD1,444.7 million in the prior year.
  • Operating income increased 5.8% to CAD83.4 million as compared to CAD78.8 million in the previous year.
  • Net earnings increased 20.6% to CAD46.8 million as compared to CAD38.8 million last year.
  • During the quarter, the retailer opened/relocated/acquired 14 and closed 7 stores.

YTD 2018

  • Sales increased 3.2% to CAD18,921.6 million as compared to CAD18,328.5 million in the prior year.
  • Same-store sales excluding fuel increased 2.3%, while excluding pharmacy same-store sales increased 2.9%.
  • Gross Profit increased 1.3% to CAD4,506.1 million as compared to CAD4,449.2 million in the prior year.
  • Operating income increased to CAD397.8 million as compared to CAD178.4 million in the previous year.
  • Net earnings increased to CAD223.5 million as compared to CAD56.6 million last year.
  • The retailer opened/relocated/acquired 26, expanded 1 rebannered/redeveloped 4 and closed 22 stores.

As of February 2, 2019, Sobeys square footage totaled 39.8 million, an increase of 1.5% over 39.2 million square feet in the previous year.

Source: Sedar Filing