Research Alerts Archive
The Jean Coutu Group (PJC) Inc.(PJC.A-TSX)
Achieving Solid Operating Results Despite More Restrictive Pricing Environment - written by William J. Chisholm, CFA
January 9th, 2012Q3 2012: The Jean Coutu Group’s results remained at the upper end of expectations in Q3 2012 with net earnings up 5.9% to $51.7 million. EPS rose to $0.23 from $0.21 in the quarter and to $0.64 (pre unusual) from $0.58 for the 39 weeks ended November 26, 2011. The earnings growth primarily reflected improved operating performance in its core distribution business and was achieved despite lower prices for generic drugs.
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