Final hours! Save up to 50% OFF InvestingProCLAIM SALE

BRIEF-Jean Coutu Group PJC Inc reports Q1 earnings per share C$0.25

Published 2017-07-11, 07:20 a/m
© Reuters.  BRIEF-Jean Coutu Group PJC Inc reports Q1 earnings per share C$0.25
PJCa
-

July 11 (Reuters) - Jean Coutu Group PJC Inc PJCa.TO :

* Q1 earnings per share C$0.25

* Jean Coutu Group PJC Inc - qtrly revenues $750.4 million versus $723.6 million

* Q1 earnings per share view c$0.23, revenue view C$704.2 million -- Thomson Reuters I/B/E/S

* Says for quarter ended June 3, 2017, on a same-store basis, PJC network's retail sales increased by 6.8pct

* Jean Coutu Group PJC Inc - management believes that demographic trends will continue and that corporation will maintain its growth in revenues

* Jean Coutu Group PJC -growth in generic drugs prescriptions with lower selling prices, would however have deflationary impact on retail sales in pharmacy

* Jean Coutu Group PJC - generic drugs price decreases, removal of ceiling on professional allowances allowed will reduce profitability of unit pro doc

* Jean Coutu Group PJC Inc - until reinstatement of 15pct ceiling when a new regulation comes into force, profitability of pro doc will be reduced Source text for Eikon: ID:nMKWQbjGKa Further company coverage: PJCa.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.