Shoppers Drug Mart announces Q3 earnings up

TORONTO Shoppers Drug Mart Corp. on Tuesday posted a third-quarter net earnings increase of 15.1 percent, to $155.7 million, for the 16 weeks ending Oct. 6.

Sales in the third quarter were $2.8 billion, representing an increase of 9.2 percent. On a same-store basis, sales increased 5.3 percent, with overall prescription sales increasing 8.9 percent in the third quarter to $1.3 billion, accounting for 47.8 percent of the company’s sales mix. Prescription same-store sales increased by 5.4 percent and front-of-store comparable stores increased 5.3 percent.

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