trending Market Intelligence /marketintelligence/en/news-insights/trending/RyvUVCGieoX0gK5Bf9sCvQ2 content esgSubNav
In This List

Jean Coutu Group fiscal Q2 profit climbs 6.7% YOY

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Jean Coutu Group fiscal Q2 profit climbs 6.7% YOY

Jean Coutu Group (PJC) Inc. said its normalized net income for the fiscal second quarter ended Aug. 30 amounted to 24 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.

EPS climbed 19.6% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$45.9 million, a gain of 6.7% from C$43.1 million in the prior-year period.

The normalized profit margin increased to 7.1% from 6.8% in the year-earlier period.

Total revenue grew on an annual basis to C$650.4 million from C$630.5 million, and total operating expenses climbed year over year to C$577.3 million from C$561.3 million.

Reported net income declined 74.5% from the prior-year period to C$52.8 million, or 28 cents per share, from C$207.3 million, or 98 cents per share.