Sobeys Q1 Sales Up Slightly, Hurt by Tobacco Sales Slump
STELLARTON, N.S. -- Sobeys, Inc. here yesterday reported a 1.1 percent sales increase for its first quarter ended Aug. 5 of CAN $3.31 billion (US $2.95 billion), compared with $3.27 billion in the year-ago period. During the quarter, same-store sales went up 2.8 percent, and basic net earnings per share were 77 cents, a 4.1 percent rise from last year.