A Quebec-based grocery chain announced solid first quarter results, with sales increasing by 2.9% to $5.12 billion. Adjusted earnings per share reached $1.10, exceeding analyst expectations. The company also increased its quarterly dividend by 10.4% to 37 cents per share.
Quebec -based grocery chain. Sales came in at $5.12 billion, an increase of 2.9 per cent and in line with expectations. Adjusted earnings per share came in at $1.10, up from $1.02 last year and slightly ahead of the $1.09 cents that analysts were expecting. The company boosted its quarterly dividend by 10.4 per cent to 37 cents per share. In a release the company said, “we are pleased with our first quarter results which were driven by solid revenue growth and good expense control.
just hours before a strike deadline was to pass this morning. No details are out yet, but the proposed deal is for four years. The current one expired last month. Workers were looking for higher wages and a better work life balance.Former Stelco CEO Alan Kestenbaum says he is willing to invest a significant amount of his personal fortune into U.S. Steel Corp if it abandons a proposed merger with Nippon Steel Corp. and they name him CEO.
FINANCIALRESULTS DIVIDEND GROCERYCHAIN QUEBEC
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