Grocer Sobeys has revealed a net profit hike of 21.1 per cent to C$226m (£118m) in the year to May 2.

Like-for-like sales increased 5.2 per cent while total sales climbed 7.2 per cent to  C$14.76bn (£7.7bn) as a result of new stores and extensions, as well as sales and merchandising initiatives and food price inflation.

In the fourth quarter like-for-likes grew 4.6 per cent while total sales rose 4.9 per cent to C$3.65bn (£1.91bn).