Jean Coutu rakes in 3rd quarter profits
A Jean Coutu Group PLC logo is shown at the company's annual general meeting in Longueuil, Que., Tuesday, July 5, 2011. CANADIAN PRESS/Graham Hughes.
Published Thursday, January 10, 2013 8:19AM EST
Quebec's largest pharmacy retailer, Jean Coutu Group, is reporting stronger sales and a quarterly profit that beat analyst estimates by a penny per share.
The Montreal-area company says its net profit was $56.2 million or 26 cents per share in the fiscal third quarter ended Dec. 1.
Its revenue for the period was $716.6 million, up $16.5 million from a year earlier -- in line with analyst estimates compiled by Thomson Reuters.
Jean Coutu's net profit was up by $4.5 million from $51.2 million or 23 cents per share in the comparable period of 2011.