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
Nintendo has launched a new handheld gaming system Galaxy 3DS XL. The new game will combine portable gaming along with 3D technology. Priced at $199.99, it will be available on stores from this week. Mitsubishi Motors Corp. has suspended sales of eight car models in Japan after the country's Transport Ministry said the automaker overstated the fuel-economy figures for those models. Japan's Transport Ministry has ordered Mitsubishi to stop domestic sales of the eight vehicle models and submit correct fuel-economy readings for these vehicles The European Union's executive arm has ordered the Irish government to recover up to 13 billion euros, or $14.5 billion, in taxes from Apple Inc. The European Commission said it has concluded that Ireland granted the U.S. tech giant undue tax benefits of up to 13 billion euros, which is illegal under EU state aid rules. Shares of Apple are down 1 percent in pre-market activity.
comments powered by Disqus
Follow RTT