Empire Company Limited's recent earnings report shows a strong start to fiscal 2027, with steady sales growth and improvements in operational efficiency.
On September 10, 2026, Empire Company Limited (EMP-A.TO) announced its earnings for the first quarter of fiscal 2027, marking a notable performance with an EPS of CAD 1.04, meeting analyst expectations. This reflects a year-over-year increase of 14.3%. The company reported revenue of CAD 8.475 billion, a 2.6% rise from the previous year, driven by disciplined execution and strategic growth initiatives.
Recent earnings trend
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Empire Company Limited
EMP-A.TO
EMP-A.TO
Empire Company Limited
WealthAwesomeMarket cap
$10.93B
P/E
50.4x
Div. yield
1.83%
Div. / share
$0.90
52W high
$52.64
52W low
$43.39
1W change
+1.54%
Beta
0.30
Analyst Price Targets
Based on analyst covering EMP-A · as of Sep 17, 2026
Wall Street analysts forecast EMP-A stock price to rise 8.5% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$53.00
+8.5% Upside
Current Price
C$48.85
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on EMP-A's historical volatility
30-Day Vol
22.2%
Annualized
90-Day Vol
23.3%
Annualized
Trend (90d)
+2.2%
Annualized drift
90d Mean
C$49.23
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$48.98 | C$45.37 – C$52.87 |
| 60 trading days | C$49.10 | C$44.07 – C$54.71 |
| 90 trading days | C$49.23 | C$43.12 – C$56.20 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 5 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-07-31 | 2026-09-10 | 1.0400 | 1.0400 | +0.0% |
| 2026-04-30 | 2026-06-18 | 0.9400 | 0.8700 | +8.0% |
| 2026-01-31 | 2026-03-12 | 0.7200 | 0.7100 | +1.4% |
| 2025-10-31 | 2025-12-11 | 0.6900 | 0.7000 | -1.4% |
| 2025-07-31 | 2025-09-11 | 0.9100 | 0.8800 | +3.4% |
| 2025-04-30 | 2025-06-19 | 0.7400 | 0.7100 | +4.2% |
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Investor takeaway: Empire's steady earnings growth, especially in e-commerce and same-store sales, highlights its resilience in a challenging market. Investors should keep an eye on the company's ongoing efforts in cost efficiency and strategic expansions, which could strengthen its competitive position in the Canadian grocery market.
EPS of CAD 1.04 Matches Estimates, Revenue Grows 2.6%
The company's ability to maintain its EPS at CAD 1.04, despite the competitive landscape, showcases its operational strength and strategic focus on growth areas.
Bull case
Empire's disciplined approach and cost efficiency initiatives have led to consistent earnings growth, with a strong increase in e-commerce sales. The company's focus on enhancing customer experience and integrating technology positions it well for future growth.
Bear case
Despite the positive earnings report, Empire faces challenges like flat gross margins and competitive pressures in the grocery sector. The market remains focused on value, and any further rise in supply chain costs could affect profitability.
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