TORONTO, Nov 6 (Reuters) - Shoppers Drug Mart SC.TO, Canada’s biggest pharmacy chain, posted a higher third-quarter profit on Thursday, as sales jumped almost 10 percent on strong growth around the country.
Earnings rose to C$163 million ($138.1 million), or 75 Canadian cents a share, from C$142 million, or 65 Canadian cents, in the same period a year earlier.
Sales hit C$2.79 billion, up 9.8 percent. Closely watched same-store sales rose 5 percent, excluding tobacco products.
Analysts were expecting an average of 75 Canadian cents a share before items and revenue of C$2.78 billion, according to Reuters Estimates.
Shoppers shares edged 9 Canadian cents lower, to C$47.58, on the Toronto Stock Exchange shortly after the results were released.
Reporting by Wojtek Dabrowski