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    Recent Articles

    Target announces Starbucks as coffee retailer for Canadian stores (Starbucks Newsroom)

    Loblaws launching loyalty program to coincide with Target entry (Globe and Mail)

    Zellers reviews options for outlets ‘left behind’ (Globe and Mail)

    Canadian malls are the Target of expansion(Montreal Gazette)

    Sobeys and Target: a winning combination (Financial Post)

    Target’s rejected sites in high demand by rival retailers (Globe & Mail)

    Walmart, Canadian Tire in Target's crosshairs (Financial Post)

    What we can expect: Tony Fisher talks about Target Canada (Financial Post)

    Target’s Canadian foray hits cost hurdle (Globe & Mail)

    Announcement of which Zellers are to convert coming by end of May? CTV

    "Death of Canadian retail greatly exaggerated" Rona CEO (Financial Post

    Impact on Canadian Tire (Financial Post)

    Canadian Retail Industry Viewpoints (Profit Magazine)

    « Loblaw Companies Limited to acquire Shoppers Drug Mart Corporation for $12.4 billion | Main | Target Beauty Section »
    Monday
    May272013

    Shoppers Drug Mart Q1 Results

    First Quarter Year-Over-Year Highlights

    • Sales increase of 3.8% to $2.486 billion
      • Same-store increase of 2.5%
    • Pharmacy sales increase of 3.3% to $1.207 billion
      • Same-store increase of 1.6%
    • Retail prescription count increase of 7.3%
      • Same-store increase of 5.4%
    • Front store sales increase of 4.3% to $1.278 billion
      • Same-store increase of 3.3%
    • Net earnings per share of $0.59, an increase of 5.4%
    • Repurchased 2,009,400 common shares at an aggregate cost of $86 million

    Earnings Release here

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