FONT-SIZE Plus   Neg

Shoppers Drug Mart Q1 Profit Up; Declares Dividend - Quick Facts

Shoppers Drug Mart Corp. (SC.TO) reported that its first-quarter net earnings were C$119 million or C$0.56 per share, up from C$118 million or C$0.54 per share in the year ago quarter.

Third quarter sales were C$2.394 billion, an increase of 2.0% over the same period last year, driven by sales growth in both prescriptions and in the front of the store. On a same-store basis, total sales increased 1.5% during the quarter.

On average, analysts polled by Thomson Reuters expected the company to earn $0.57 per share on revenues of $2.41 billion. Analysts' estimates typically exclude special items.

The Company also announced that its Board of Directors has declared a dividend of 26.5 cents per common share, payable July 13, 2012 to shareholders of record as of the close of business on June 29, 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a profit for the third quarter beating Wall Street estimates by a large margin, driven primarily by record production and deliveries. Shares of the company gained over 5 percent in extended hours after the company reaffirmed its delivery... Auvi-Q, the rival for EpiPen, will be coming back in 2017, pharmaceutical company Kaleo announced on Wednesday. Auvi-Q is a epinephrine injection used to treat life-threatening allergic reactions, including anaphylaxis, in people who are at risk for or have a history of serious allergic reactions. Auvi-Q... Uber's self-driving technology start-up Otto has partnered with Anheuser-Busch InBev to complete the world's first shipment by a self-driving truck. Otto said in a blog post that the company and Anheuser-Busch delivered 51,744 cans of Budweiser beer from Fort Collins, through downtown Denver, to Colorado Springs.
comments powered by Disqus
Follow RTT