Tuesday, February 17, 2009

Shoppers Drug Mart profit jumps, sees strong '09

From Reuters:
Shoppers Drug Mart (SC.TO) reported a 14.4 percent jump in quarterly profit on Thursday, helped by strong pharmacy and front-of-store sales, and said it saw sales rising through 2009, despite the slowing economy.

Canada's biggest pharmacy chain said it earned C$173.1 million ($138.8 million), or 80 Canadian cents a share, in its fourth quarter, up from C$151.3 million, or 70 Canadian cents a share, a year earlier.

Revenue grew 14.7 percent to C$2.5 billion.

Analysts had expected average earnings per share of 75 Canadian cents, before items, and revenue of C$2.495 billion, according to Reuters Estimates. ...more

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