We review Sobeys’ third quarter performance, including the impact of a cybersecurity event on its financial and operational performance. Q3 key numbers Total sales increased 1.5% to $7,377.3m Same-store sales, ex-fuel, increased 0.1% Grocery ecommerce sales fell by 14.7% year-on-year, but increased 9.4% versus Q2 Net earnings fell by 37.9% to $125.7m Cybersecurity event imp...

Circle K’s parent company, Couche-Tard, has entered into a firm offer to acquire assets from TotalEnergies in Germany and the Netherlands, and a 60% controlling interest in its Belgium and Luxembourg entities. The €3.1 bn deal is subject to regulatory approvals and will be submitted to relevant employee representative bodies. Adding over 2,000 sites This deal covers operations across 2,193 ...

We review Loblaw’s fourth quarter and full year performance, how it’s adapting in a more value-orientated trading environment and its plans to accelerate capital investments. Q4 and full year key numbers Fourth quarter total revenue increased by 9.8% to $14,007m, with retail segment sales up 9.7% to $13,694m Food retail same-store sales growth of 8.4% Drug retail same-store sales u...