Jean Coutu Franchise Sees Sales Increase 5.7 percent
Posted on: 19/12/2006
Jean Coutu franchise sees same store sales increase 5.7% in the Canadian Network and 2.6% in the United States Network.The Jean Coutu Group (PJC) Inc. (the "Company" or the "Jean Coutu Group") (TSX: PJC.A) today announced retail sales results for the four weeks ended October 28, 2006. Retail sales growth percentages quoted herein are denominated in local currency in order to exclude the impact of currency rate fluctuations. Please note that monthly retail sales numbers are preliminary and unaudited.
For the four weeks ended October 28, 2006, the Company's Canadian franchise network's same store retail sales were up 5.7%, pharmacy same store sales gained 8.1% while front-end same store sales increased 4.0% year-over-year. The network showed a 6.3% increase in total retail sales compared with the same period last year. Retail sales for the period were $205.4 million.
For the month of October 2006, the United States corporate pharmacy network same store retail sales increased 2.6%, pharmacy same store sales increased 3.0% while front-end same store sales increased 1.3% compared with the same period of the 2006 fiscal year. The impact of generic drugs replacing brand drugs on pharmacy sales growth was 357 basis points for the period. Front-end sales performed well in all categories other than the photo category.
The network posted a 2.6% in-crease in total retail sales when compared with the same period of the 2006 fiscal year. Retail sales for the period were $722.1 million.
For the twenty two-week period ended October 28, 2006, the Company's Canadian franchise network showed a 6.9% increase in retail sales compared with the same period last year.
The United States corporate pharmacy network posted a 2.1% increase in retail sales when compared with the same period of the 2006 fiscal year.
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