Pharmacy retailer Jean Coutu reports Q4 profit, revenue down from a year ago

VARENNES, Que. — The Jean Coutu Group says it earned $51.5 million in its latest quarter, down from $55.2 million in the same quarter last year.

The pharmacy retailer said Wednesday the profit amounted to 28 cents per share for the quarter ended Feb. 27 compared with 30 cents per share a year ago.

Revenue in what was the company’s fourth quarter of its financial year totalled $706.6 million, down from $713.9 million in the same period a year earlier due to a drop in sales of...

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