Shoppers Drug Mart Q4 Results

Fourth Quarter Year-Over-Year Highlights

• Sales increase of 4.4% to $2.722 billion
  • Same-store increase of 2.7%
• Pharmacy sales increase of 3.7% to $1.221 billion
  • Same-store increase of 2.1%
• Retail prescription count increase of 8.3%
  • Same-store increase of 6.1%
• Front store sales increase of 5.0% to $1.501 billion
  • Same-store increase of 3.2%
• Net earnings per share of $0.85, an increase of 3.7%

Earnings Release here

Shoppers Drug Mart Response to Target

Shoppers Drug Mart's Response to Increased Competition:

• Increase focus on the aging baby boomers & seniors segment by increasing their frequency & crossover shopping through a number of initiatives including; $ 2.00 reduction in co-pay in Ontario, more seniors days & events, increased emphasis on med check, OTC counselling, physician interaction 
• Continue market share growth in cosmetics by meeting unmet needs and adding brands - not releasing details of planned changes to beauty boutiques yet (Canada Newswire & April 26th earnings call)
• Have introduced a "VIB - Very Important Baby" rewards card for parents to promote baby products (Globe and Mail)