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Empire Company Ltd TSX: EMP-A-T

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Most actively traded companies on the Toronto Stock Exchange

Canadian Press - Wed Jun 23, 4:25PM CDT

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:

Toronto Stock Exchange (20,164.39, down 36.26 points.)

Headwater Exploration Inc. (TSX:HWX.TO). Energy. Up 15 cents, or 3.48 per cent, to $4.46 on 12.2 million shares.

Suncor Energy Inc. (TSX:SU.TO). Energy. Unchanged at $30.40 on 8.3 million shares.

Power Corp. of Canada (TSX:POW.TO). Financials. Down eight cents, or 0.2 per cent, to $40.10 on 7.3 million shares.

Baytex Energy Corp. (TSX:BTE.TO). Energy. Up nine cents, or 3.81 per cent, to $2.45 on 6.1 million shares.

Algonquin Power & Utilities Corp. (TSX:AQN.TO). Utilities. Down 18 cents, or 0.95 per cent, to $18.69 on 5.7 million shares.

Lundin Mining Corp. (TSX:LUN.TO). Materials. Up 28 cents, or 2.62 per cent, to $10.95 on 5.3 million shares.

Companies in the news:

Empire Company Ltd. (TSX:EMP-A.TO). Down $2.34 or 5.6 per cent to $39.81. Canada's second largest grocer reported softer sales in its latest quarter as results slipped compared with the grocery shopping bonanza that marked the start of the pandemic a year ago. Empire Company Ltd., which operates numerous grocery chains including Sobeys, Safeway and FreshCo, said Wednesday consumer behaviour has started to stabilize sending overall sales down 1.3 per cent in its fourth quarter. Same-store sales — a key metric for retailers that excludes fluctuations from store openings and closings — dropped 4.5 per cent in the fourth quarter. Excluding fuel, same-store sales fell 6.1 per cent. Yet while stockpiling and panic buying has subsided, Empire's sales continued to trend higher than pre-pandemic levels. Compared with two years ago, the company's same-store sales were 10.4 per cent higher as Canadians shopped less frequently but bought more when they did go to the store. Yet the grocer is also preparing for some normalization of shopping habits as vaccination rates increase and COVID-19 restrictions ease, Empire president and CEO Michael Medline said.

Winpak Ltd. (TSX:WPK.TO). Up $2.02 or 4.9 per cent to $43.18. Packaging company Winpak Ltd. says its board of directors has declared a special one-time payment to shareholders. The company says it will pay a one-time dividend of $3 per share. Winpak manufactures and distributes packaging materials and related packaging machines. Its products are used primarily for perishable foods, drinks and in health-care applications. The special dividend will be paid July 9 to shareholders of record as of July 2. The payment to shareholders is in addition to Winpak's regular quarterly dividend of three cents per share.

This report by The Canadian Press was first published June 23, 2021.

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