CA - Empire Company Limited (EMLAF) Q4 2024 Earnings Call Transcript

2024-06-20 17:44:07 ET

Empire Company Limited (EMLAF)

Q4 2024 Earnings Conference Call

June 20, 2024 11:00 AM ET

Company Participants

Katie Brine - VP, IR

Michael Medline - President and CEO

Matt Reindel - CFO

Pierre St-Laurent - COO

Conference Call Participants

Chris Li - Desjardins

Tamy Chen - BMO

Mark Petrie - CIBC

Michael Van Aelst - TD Cowen

Irene Nattel - RBC Capital Markets

Vishal Shreedhar - National Bank

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Empire Fourth Quarter 2024 Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] This call is being recorded on Thursday, June 20th, 2024.

I would now like to turn the conference over to Katie Brine, VP, Investor Relations. Please go ahead.

Katie Brine

Thank you Joanna. Good afternoon and thank you all for joining us for our Fourth Quarter Conference Call. Today we will provide summary comments on our results and then open the call for questions. This call is being recorded and the audio recording will be available on the company's website at empireco.ca. There is a short summary document outlining the points of our quarter available on our website.

Joining me on the call this afternoon are Michael Medline, President and Chief Executive Officer; Matt Reindel, Chief Financial Officer; Pierre St-Laurent, Chief Operating Officer; and Doug Nathanson, Chief Development Officer and General Counsel.

Today's discussion includes forward-looking statements. We caution that such statements are based on management's assumptions and beliefs and are subject to uncertainties and other factors that could cause actual results to differ materially. I refer you to our news release and MD&A for more information on these assumptions and factors.

I will now turn the call over to Michael Medline.

Michael Medline

Thank you Katie. Good afternoon everyone. I am very pleased with the way our team is executing despite the currently inhospitable economic backdrop. We have become a disciplined efficient grocer that is focused on delivering earnings growth. Our results this quarter demonstrate this with strong gross margin control, capital discipline, and strong SG&A containment, driven by our productivity initiatives and restructuring....

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