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CA - Empire: 2024 Upside From Valuation Normalizing
CA Inc.
2024-02-09 04:44:25 ET
Summary
Empire has faced execution issues and a cybersecurity incident, but shares have re-rated to a good buy zone with long-term potential.
The company has shown signs of a turnaround, with improvements in Q2, including increased share repurchases and positive same store sales growth.
Empire's investment in the Scene+ program and additional FreshCo stores will provide longer-term benefits and help the company compete in the discount market.