Shoppers Drug Mart results

At Shoppers Drug Mart, that every-where drugstore, they’ve announced Q1 results. You can see why flossy new stores (like the one about to open on South Bayview) with lots of general merchandise are important to Shoppers. Their overall sales are up, based on general merchandise. Prescription revenues are down. As the store explains, “First quarter sales were $2.347 billion, an increase of 2.7% over the same period last year, driven by strong front store sales growth in all regions of the country. On a same-store basis, total sales increased 2.0% during the quarter. Prescription sales were $1.150 billion in the first quarter, a decrease of 0.4% on both a total and a same-store basis when compared to the same period last year, as continued growth in the number of prescriptions filled was offset by a reduction in average prescription values.: