Posted AT 7:17 AM EDT on 22/07/08
Shoppers Drug Mart bucks slowdown
What consumer slowdown? Last week, Shoppers Drug Mart Corp. posted second-quarter results that not only beat Bay Street estimates and rewarded investors for their faith in the stock, but also showed up very well against other major publicly owned drugstore chains in North America.
Same-store prescription sales climbed 6.4 per cent from a year earlier, while the so-called front-of-the-store sales (the non-drug proportion of sales) rose 3 per cent.
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