Canadian senior citizens are partly to thank for Shoppers Drug Mart's recent successful earnings. Revenues are up 4.4% while fourth-quarter pharmacy sales rose 3.7% and front-of-store sales (cosmetics, food and other stuff) rose 5%.
Once per month, seniors are offered a 20% discount on regularly-priced merchandise at Shoppers Drug Mart. Shoppers recently lifted its $2 co-payment fee on prescriptions for seniors in Ontario, increasing pharmacy sales. Shoppers' sales also grew in Western Canada with recent pharmacy acquisitions.
Shoppers Drug Mart website: www.shoppersdrugmart.ca
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