LONGUEUIL, Que. - Quebec's largest pharmacy retailer, Jean Coutu Group, is reporting stronger sales and a quarterly profit that beat analyst estimates by a penny per share.
The Montreal-area company (TSX:PJC.A) says its net profit was $56.2 million or 26 cents per share in the fiscal third quarter ended Dec. 1.
Its revenue for the period was $716.6 million, up $16.5 million from a year earlier — in line with analyst estimates compiled by Thomson Reuters.
Jean Coutu's net profit was up by $4.5 million from $51.2 million or 23 cents per share in the comparable period of 2011.