Sobeys Inc. $38 – Toronto symbol SBY

Sobeys Inc. $38 – Toronto symbol SBY

Sobeys has undergone significant changes since this article was published in 2006, including its delisting by owner Empire Company LTD. See below for that June 2016 update, following an Oct. 2019 update on Empire.

Empire Company Ltd., $30.50, symbol EMP.A on Toronto (Shares outstanding: 269.1… Read More

These Three Can Handle Wal-Mart

Thanks to Free Trade Agreement with the United States, many U.S. retail chains have expanded their operations in Canada. That includes Wal-Mart, the world’s biggest retailer. Wal-Mart’s sophisticated inventory control systems and leverage with suppliers let it sell products for less than most of its… Read More

Sobeys Inc. $42 – Toronto symbol SBY

SOBEYS INC. $42 (Toronto symbol SBY; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 65.5 million; Market cap: $2.8 billion; SI Rating: Average) is Canada’s secondlargest grocery retailer, after Loblaw. It operates around 1,300 stores, mainly in Central and Atlantic Canada. Major banners include Sobeys, Foodland,… Read More

Sobeys is Ready to Grow Again

The supermarket industry is becoming increasingly competitive. Drug stores and other non-food retailers are adding grocery products to improve customer traffic and spending per visit.

In the past, supermarkets responded to increased competition by cutting prices. But profit margins are typically less than 2% of sales,… Read More