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Shoppers Drug Mart profit edges higher

Reuters
12:47 PM, E.T. | April 26, 2012
Retail
Tags: Shoppers Drug Mart
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Shoppers Drug Mart Corp. (SC-T), Canada's biggest pharmacy chain, reported a modest gain in quarterly profit on Thursday, reflecting stronger front-of-store sales.

The company reported net income for the quarter ended March 24 of $119 million or 56 cents a share, up from $118 million, or 54 cents, in the same quarter last year.

Sales rose 2 percent to $2.39 billion. Sales at established stores, a key measure for retailers, rose 1.5 percent.

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