What companies are owned by Empire?
Empire Company Limited is a major Canadian food retailing and corporate investment conglomerate. Its primary wholly-owned subsidiary is Sobeys Inc., through which Empire operates, affiliates, or franchises an extensive network of over 1,500 grocery and retail fuel locations across Canada. Key retail brands and operating companies owned by Empire include Safeway Canada, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, Lawtons Drugs, and Needs Convenience, alongside e-commerce grocery platforms like Voilà and major equity interests in commercial real estate trusts.
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As of July 29, 2026, the forward dividend yield for Empire Company Limited (EMP-A.TO) is 1.88%. The company has demonstrated a consistent commitment to shareholder returns, maintaining an average dividend growth rate of 10.
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Empire Company Ltd. is currently rated as a "Neutral" investment by a consensus of market analysts. Because there is no strong, unanimous recommendation to either buy or sell, investors often characterize this as a "hold" situation.
The consensus rating for Empire Company Ltd. is currently "Neutral." Analyst sentiment is divided, reflecting a mix of outlooks on the company's performance in the competitive grocery retail sector.
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The vast majority of packaged foods, beverages, and household goods found across standard supermarket aisles are controlled by a massive conglomerate network of ten multinational parent corporations.