Story perspectives
Empire Company Faces U.S. Sales Decline Amid Local Preference
3/14/2025
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Story summary
- Empire Company Ltd. experiences a notable drop in U.S. product sales due to Canadian consumer preference for local goods.
- CEO Michael Medline reports U.S. products, usually 12% of sales, are declining swiftly.
- The company is increasing Canadian product sourcing and controlling costs to protect consumers from price hikes.
- Empire's third-quarter profit reached $146.1 million, with total sales rising 3.2% to $7.7 billion.
