Retail News Breaks Archives

Shoppers Drug Mart reports third quarter results

TORONTO – Shoppers Drug Mart Corp. posted a 3.2% increase in third quarter sales to $3.21 billion, as same-store sales grew 2.3%.

Net income, however, slipped 2.4% to $168.3 million.

Share repurchases enabled the Canadian drug chain to post a 2.5% increase in diluted earnings per share to 81 cents from 80 cents per share a year ago.