logo
Share SHARE
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
French aircraft maker Dassault Aviation SA said Wednesday that following repeated delays, it has terminated a contract with French defense company Safran for its Silvercrest engine that was intended to power Dassault's Falcon 5X business jet. Walt Disney Co. has agreed to buy certain assets of Rupert Murdoch's Twenty-First Century Fox, Inc. for about $52.4 billion in stock, the two companies said Thursday. Immediately prior to the acquisition by Disney, 21st Century Fox will separate the Fox Broadcasting network, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off. Crypto Co., engaged in the digital currencies and blockchain sector, announced its plans to execute a 10-for-1 stock split, citing the significant growth in the value and demand for its shares amid the ongoing digital currency market boost. CEO Mike Poutre said, ""We are aware of the recent fluctuation in our stock, and want to see orderly market activity surrounding the trading of our stock."
comments powered by Disqus
Follow RTT