{
  "id": 8974351,
  "title": "Why is Empire Company stock rising today?",
  "url": "https://urgent.news/2026/09/21/why-is-empire-company-stock-rising-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T17:48:48.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/why-is-empire-company-stock-rising-today-93CH-4909492"
  },
  "original_language": "en",
  "account": "Empire Company's stock surged 1.8% on Tuesday, closing at CAD $46.66, as a strong performance in the broader market drove the rise. Major North American indices were up, creating a risk-on atmosphere that benefited consumer staples companies like Empire. The company's strongest recent catalyst was its Q1 fiscal 2027 earnings, released on September 10, 2026, which revealed record diluted earnings per share of CAD $1.04, a 14.3% year-over-year increase. Revenue for the quarter reached CAD $8.48 billion, with EBITDA growing 6.1% to CAD $712 million. Management also raised its target for store openings to over 25 locations, up from a previous projection of more than 20, and forecasted adjusted EPS growth within its long-term 8%-11% framework. Empire's CEO, Pierre St-Laurent, credited the company's competitive banners, gaining growth initiatives, and focus on productivity for the positive results. With the S&P 500, Nasdaq, and Dow Jones all posting gains, Empire's defensive grocery-retail profile, which includes well-known brands like Sobeys, IGA, FreshCo, and Farm Boy, continues to attract investor interest during both bullish and uncertain economic periods. Today's gain reflects both the strong market conditions and the company's solid financial performance, leaving Empire's stock trading above its 52-week low but below its 52-week high, leaving potential for further recovery if momentum remains strong.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}