Shoppers Drug reports smaller Q4 profit
People pass by a Shoppers Drug Mart in downtown Toronto on Monday, July 15, 2013. (Graeme Roy / THE CANADIAN PRESS)
The Canadian Press
Published Thursday, February 6, 2014 9:12AM EST
TORONTO -- Shoppers Drug Mart Corp. (TSX:SC) reports its fourth-quarter profit slipped to $169 million, or $172 million excluding costs related to its pending takeover by Loblaw -- both down from a year earlier.
The Toronto-based pharmacy chain says total revenue was up one per cent to $2.747 billion while its same-store sales were up 1.2 per cent in the quarter and 1.9 per cent for the full 2013 financial year ended Dec. 28.
Shoppers Drug's profit amounted to 85 cents per share under standard accounting, or 86 cents per share after adjustments. Analysts has estimated 86 cents per share of earnings under both measures.
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