The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Vishal Shreedhar - National Bank Financial Research - Analyst
: Hi, thanks for taking my questions. I just want to get context from you Pierre on if we should anticipate any changes in the business now
that you're taking it over? I know you're reviewing your strategic plan, but is there anything in the interim that we should expect to increase
focus or decrease focus on?
Question: Vishal Shreedhar - National Bank Financial Research - Analyst
: Okay, thank you for that. And I appreciate the comments that you gave in the -- in your opening remarks regarding your CFCs and Voila.
So Pierre, I just want to get your perspective on that, just given the shifts in the industry that from Kroger, how you see this business evolving?
Is it something that you see with the CFC as an integral part for Empire going forward? Or do you think store-based delivery is the wait for
now? Any perspective would be appreciated.
Question: Chris Li - Desjardins Securities Inc - Analyst
: Hi, good morning everyone. Just maybe a quick follow-up to the Voila question. I just want to see if you're able to confirm just in terms of
Question: Chris Li - Desjardins Securities Inc - Analyst
: No, that's helpful. And are you able to share with us just roughly what is the e-commerce penetration for Empire.
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DECEMBER 11, 2025 / 1:30PM, EMPa.TO - Q2 2026 Empire Company Ltd Earnings Call
Question: Chris Li - Desjardins Securities Inc - Analyst
: Okay. No, that's fair. And then, Pierre, maybe another line of question I wanted to explore with you. Obviously, competition is top of mind
right now. I want to get your thoughts on in terms of what you're seeing in the marketplace right now. What are your expectations? Are you
seeing any notable differences in terms of intensity between regions and banners?
Thank you.
Question: +tienne Ricard - Bank of Montreal - Analyst
: Thank you and good morning. Pierre, given you're now in the CEO seat, how do you think Empire's footprint could be different a few years
from now, both in terms of banners but also from a geography perspective.
Question: +tienne Ricard - Bank of Montreal - Analyst
: Interesting. And in what markets do you think you could have a greater presence?
Question: Mark Petrie - CIBC World Markets Corp - Analyst
: Yeah, good morning. Thanks. Most of my topics have been covered. But I wanted to just ask, wholesale, obviously, is an example of leveraging
your assets. Curious to hear about other opportunities you might see today to do that.
Thinking about things like retail media or potentially other opportunities in your supply chain. I know these aren't necessarily new to you,
but where do you stand on these today? And is that an area that you expect to put more attention to?
Question: Mark Petrie - CIBC World Markets Corp - Analyst
: Yeah. Understood. Okay. And I guess just to bring it back to the quarter very specifically, food retail EBITDA was down slightly. Obviously,
cost control is a major area of focus, is that the lever that you need to pull in order to get that back to positive territory? Or how should we
sort of think about that results with the quarter and sort of the run rate going forward?
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