date:Sep 21, 2018
e performance for six years, reflecting the improvements which are being delivered as part of Project Sunrise. Sobeys also saw its profitability improve, with net earnings up 77.0% to $95.6mln. However, the retailer did see higher costs, including increasing freight charges, minimum wage increases and the impact of new tariffs. The retailer expects prices to rise due to the increasing costs. Michael Medline, Sobeys president and CEO, stated: Our margins were a little lower than we would have lik