Monday, July 27, 2009

Prescription sales right tonic for Shoppers Drug

From Reuters:
Shoppers Drug Mart, Canada's biggest pharmacy chain, reported a higher quarterly profit on Wednesday that matched expectations, helped by stronger sales of prescription drugs and beauty care products.

Shoppers said it earned C$136.1 million ($123.7 million), or 63 Canadian cents a share, for the second quarter, ended June 20, up from C$126.6 million, or 58 Canadian cents a share, for the same period last year.

The company said the 2009 results were also helped by the inclusion of Easter holiday weekend sales.

Revenue climbed 8.5 percent to C$2.29 billion, with same store sales rising 5.7 percent. ...more

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