Jean Coutu Group revenues amounted to $2,099.7 million
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Merchandise sales to PJC franchisees made mostly through company's distribution centres account for the greater part of company's revenues. Revenues amounted to $736.7 million during the quarter ended November 29, 2014, compared with $712.5 million for the quarter ended November 30, 2013.
During the 39-week period of 2015, revenues amounted to $2,099.7 million.
This increase is attributable to overall market growth and the expansion of the PJC network of franchised stores despite the deflationary impact on revenues of the volume increase in prescriptions of generic drugs compared with brand name drugs as well as the price reductions of generic drugs.
Net profit amounted to $56.0 million ($0.30 per share) during the quarter ended November 29, 2014 compared with $62.5 million ($0.30 per share) for the quarter ended November 30, 2013. The decrease in net profit is also attributable to the increase of the share-based payments instruments expenses.
Net profit during the 39-week period of fiscal year 2015 amounted to $163.7 million ($0.87 per share) compared with $379.3 million ($1.79 per share) for the same period of fiscal year 2014.
The decrease in net profit is mainly attributable to the gains of $212.7 million related to the investment in Rite Aid recognized during the 39-week period of fiscal year 2014. Net profit before gains related to the investment in Rite Aid amounted to $166.6 million ($0.79 per share) for the 39-week period of fiscal year 2014. ■