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
U.S. food maker Kraft Heinz Co., which had offered $143 billion in cash and stock to buy Anglo-Dutch consumer goods company Unilever, Sunday said it has amicably agreed to withdraw its proposal for a combination of the two companies. Dairy giant Saputo Inc. is voluntarily recalling certain Gouda cheese products in the U.S. due to potential listeria contamination. Saputo said one of its suppliers, Deutsch Kase Haus, LLC of Middlebury, Indiana, notified the company that some specialty Gouda cheese products that it supplied to Saputo's Green Bay, Wisconsin facility may have been contaminated with Listeria monocytogenes. Amazon is exploring the possibility of using parachutes to drop drone-delivered packages. The e-commerce giant has been granted a patent titled, "Maneuvering a package following in-flight release from an unmanned aerial vehicle".
comments powered by Disqus
Follow RTT