Empire Company Limited

TSX:EMP.A Stock Report

Market Cap: CA$12.9b

Empire Management

Management criteria checks 3/4

Empire's CEO is Mike Medline, appointed in Jan 2017, has a tenure of 8.5 years. total yearly compensation is CA$7.95M, comprised of 16.8% salary and 83.2% bonuses, including company stock and options. directly owns 0.062% of the company’s shares, worth CA$7.92M. The average tenure of the management team and the board of directors is 1.8 years and 11.5 years respectively.

Key information

Mike Medline

Chief executive officer

CA$8.0m

Total compensation

CEO salary percentage16.77%
CEO tenure8.5yrs
CEO ownership0.06%
Management average tenure1.8yrs
Board average tenure11.5yrs

Recent management updates

Recent updates

There May Be Some Bright Spots In Empire's (TSE:EMP.A) Earnings

Jun 30
There May Be Some Bright Spots In Empire's (TSE:EMP.A) Earnings

Empire (TSE:EMP.A) Has Announced That It Will Be Increasing Its Dividend To CA$0.22

Jun 23
Empire (TSE:EMP.A) Has Announced That It Will Be Increasing Its Dividend To CA$0.22

Returns On Capital At Empire (TSE:EMP.A) Have Hit The Brakes

Jun 20
Returns On Capital At Empire (TSE:EMP.A) Have Hit The Brakes

Empire (TSE:EMP.A) Seems To Use Debt Quite Sensibly

Apr 08
Empire (TSE:EMP.A) Seems To Use Debt Quite Sensibly

Earnings Not Telling The Story For Empire Company Limited (TSE:EMP.A)

Mar 26
Earnings Not Telling The Story For Empire Company Limited (TSE:EMP.A)

Estimating The Fair Value Of Empire Company Limited (TSE:EMP.A)

Mar 12
Estimating The Fair Value Of Empire Company Limited (TSE:EMP.A)

Investors Will Want Empire's (TSE:EMP.A) Growth In ROCE To Persist

Feb 10
Investors Will Want Empire's (TSE:EMP.A) Growth In ROCE To Persist

A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Dec 11
A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Empire Company Limited's (TSE:EMP.A) Shares May Have Run Too Fast Too Soon

Nov 28
Empire Company Limited's (TSE:EMP.A) Shares May Have Run Too Fast Too Soon

Is Empire (TSE:EMP.A) Using Too Much Debt?

Nov 01
Is Empire (TSE:EMP.A) Using Too Much Debt?

A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Sep 10
A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Little Excitement Around Empire Company Limited's (TSE:EMP.A) Earnings

Aug 27
Little Excitement Around Empire Company Limited's (TSE:EMP.A) Earnings

CEO Compensation Analysis

How has Mike Medline's remuneration changed compared to Empire's earnings?
DateTotal CompensationSalaryCompany Earnings
May 03 2025n/an/a

CA$700m

Feb 01 2025n/an/a

CA$676m

Nov 02 2024n/an/a

CA$664m

Aug 03 2024n/an/a

CA$672m

May 04 2024CA$8mCA$1m

CA$726m

Feb 03 2024n/an/a

CA$759m

Nov 04 2023n/an/a

CA$751m

Aug 05 2023n/an/a

CA$760m

May 06 2023CA$7mCA$1m

CA$686m

Feb 04 2023n/an/a

CA$682m

Nov 05 2022n/an/a

CA$759m

Aug 06 2022n/an/a

CA$745m

May 07 2022CA$9mCA$1m

CA$746m

Jan 29 2022n/an/a

CA$739m

Oct 30 2021n/an/a

CA$712m

Jul 31 2021n/an/a

CA$698m

May 01 2021CA$7mCA$1m

CA$702m

Jan 30 2021n/an/a

CA$707m

Oct 31 2020n/an/a

CA$652m

Aug 01 2020n/an/a

CA$645m

May 02 2020CA$13mCA$1m

CA$584m

Feb 01 2020n/an/a

CA$528m

Nov 02 2019n/an/a

CA$473m

Aug 03 2019n/an/a

CA$422m

May 04 2019CA$5mCA$1m

CA$387m

Compensation vs Market: Mike's total compensation ($USD5.80M) is about average for companies of similar size in the Canadian market ($USD4.76M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Medline (62 yo)

8.5yrs
Tenure
CA$7,952,793
Compensation

Mr. Michael Bennett Medline, also known as Mike, is Independent Director of Bank of Nova Scotia (Toronto Branch) from September 1, 2023. Mr. Medline serves as Independent Director at The Bank of Nova Scoti...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Medline
President8.5yrsCA$7.95m0.062%
CA$ 7.9m
Pierre St-Laurent
Executive VP & COO6.2yrsCA$3.38m0.0036%
CA$ 466.9k
Douglas Nathanson
Executive VP2.6yrsCA$1.82m0.0088%
CA$ 1.1m
Simon Gagné
Executive Vice Presidentless than a yearCA$2.20m0%
CA$ 0
Constantine Pefanis
Executive VP & CFOless than a yearno data0.013%
CA$ 1.7m
Clinton Keay
Senior Vice President of Corporate Finance1.4yrsCA$1.22mno data
Julia Knox
Chief Technology and Analytics Officer & Chief Privacy Officer1.8yrsno datano data
Katie Brine
Director of Investor Relationsno datano datano data
Sandra Sanderson
Chief Marketing Officer1.8yrsno data0.0091%
CA$ 1.2m
Sandra Pasquini
Chief Human Resources Officerless than a yearno data0.0016%
CA$ 208.4k
John Morrow
VP & Comptrollerno datano datano data
Charles Mulvenna
President of Safeway Operations - Sobeysno dataCA$3.44mno data
1.8yrs
Average Tenure
60yo
Average Age

Experienced Management: EMP.A's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Michael Medline
President8.3yrsCA$7.95m0.062%
CA$ 7.9m
Gregory Josefowicz
Independent Director9.1yrsCA$255.00kno data
Martine Turcotte
Independent Director13.5yrsCA$230.00k0.0049%
CA$ 632.8k
William Linton
Independent Director10.5yrsCA$235.00k0.00038%
CA$ 48.9k
Robert G. Sobey
Independent Director27.5yrsCA$235.00k0.0032%
CA$ 406.4k
Paul Sobey
Independent Director32.5yrsCA$230.00k1.75%
CA$ 224.9m
Frank Sobey
Independent Director18.5yrsCA$230.00k0.28%
CA$ 36.5m
Karl Sobey
Independent Director24.5yrsCA$230.00kno data
James Dickson
Independent Chairman9.8yrsCA$450.00k0.0096%
CA$ 1.2m
Cynthia Devine
Independent Director12.5yrsCA$235.00k0.0013%
CA$ 165.9k
Sharon Driscoll
Independent Director7.5yrsCA$265.00kno data
Martine Reardon
Independent Director8.5yrsCA$250.00kno data
11.5yrs
Average Tenure
65.5yo
Average Age

Experienced Board: EMP.A's board of directors are seasoned and experienced ( 11.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/28 11:07
End of Day Share Price 2025/07/25 00:00
Earnings2025/05/03
Annual Earnings2025/05/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Empire Company Limited is covered by 20 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James DurranBarclays
Philip BassilBeacon Securities Limited
Tamy ChenBMO Capital Markets Equity Research