Fobi AI Inc V.FOBI

Empire's Project Horizon...

[jrk8888]

They have a conference call tomorrow morning.

PROJECT HORIZON

In the first quarter of fiscal 2021, the Company launched Project Horizon, a three-year strategy focused on core business expansion and the acceleration of e-commerce. The Company remains on track to achieve an incremental $500 million in annualized EBITDA and an improvement in EBITDA margin of 100 basis points by fiscal 2023, by growing market share and building on cost and margin discipline.

In the second quarter of fiscal 2022, earnings continued to be positively impacted by strategic initiatives, including the continued expansion and renovation of the store network, promotional optimization, data analytics and strategic sourcing efficiencies. Management expects these initiatives will continue to drive the majority of benefits through the remainder of fiscal 2022.

[Harri69]

Thnaks for the reminder...  https://renx.ca/new-stores-ecommerce-empires-2b-project-horizon/

[jrk8888]

hmmm..Empire conference call @ noon. FOBI $1.39 maybe something?

[woundedknee]

OK..I've checked the company website and all the press releases back to June and I am somewhat embarrased to say I don't quite understand the relationship re Empire's Project Horizon or what it is. Could someone direct me to a reference or give me a quick answer. TIA

[woundedknee]

Never mind...Sobey's Stores. Got it.

[Oceandavid]

Empire shares down 25% since looking at Fobi

[Harri69]

https://stockhouse.com/news/press-releases/2021/12/09/empire-shows-continued-momentum-with-strong-second-quarter-results-project