The parent company of grocery chain Sobeys Inc. was “a little slow on the trigger” to pass on the higher cost of food to consumers due to tariff costs, but it will inevitably happen in the future, Empire Company Ltd. CEO Michael Medline said Thursday.
“It’s clear with what’s going on in terms of transportation cost and tariff-related cost that our expectation — although we’re not economists — is that there will be some inflation,” he said during a conference call with analysts after the company released its first-quarter earnings results.
Multiple suppliers send the company letters each week wanting to pass on price hikes due to recently implemented tariffs, said Medline.
Read full story here: Sobeys Parent Empire Co. Warns Food Prices Will Rise Partly Due To New Tariffs | CBC News
