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  • Writer's picturePopCan
    • Jan 4, 2022
    • 1 min read

While small businesses languish & die, grocery execs get BIG BONUES after boost from pandemic sales

Globe & Mail: Together, Loblaw, Empire (the parent company of Sobeys) and Metro have a combined market value of about $60-billion. They posted $100-billion in sales over the past 12 months, with just over $3-billion in profits, according to S&P Global Market Intelligence. While their single-digit profit margins are modest compared with those of other industries, for the past 12 months they’re up from prepandemic levels.

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