news Shoppers Drug Mart profit jumps on robust sales

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Shoppers Drug Mart profit jumps on robust sales



1 hour, 53 minutes ago





TORONTO (Reuters) - Shoppers Drug Mart , Canada's biggest pharmacy chain, reported higher quarterly profits and sales on Tuesday.


Shoppers said it earned $106.8 million, or 49 cents a share for the quarter ended March 28, up from C$100.7 million, or 46 Canadian cents a share, for the same period last year.

Revenue rose 8.5 percent to $2.2 billion, with same store sales rising 4 percent.

Analysts were expecting an average earnings per share of 48 Canadian cents a share before items and revenue of C$2.16 billion.

(Reporting by Scott Anderson; editing by Peter Galloway)