MONTREAL — The Jean Coutu Group is in advanced negotiations for a potential acquisition by food and drug retailer Metro Inc. Jean Coutu and Metro confirmed the discussions noontime on Wednesday after the Investment Industry Regulatory Organization of Canada (IIROC) said in the morning that trading of shares for both companies had been halted. Under
VARENNES, Quebec — Double-digit gains in the pharmacy hoisted Jean Coutu Group’s retail store network sales in the fiscal 2018 first quarter. Jean Coutu said Tuesday that for the first quarter ended June 3, 2017, sales in the franchised store network totaled $1.15 billion (Canadian), up 7% from $1.08 billion a year earlier. Revenue rose
VARENNES, Quebec — Jean Coutu Group is expanding its beauty care offerings with the debut of the Clinique prestige brand in select stores. The Canadian drug chain said Friday that five stores — four in Montreal and one in Saint John, New Brunswick — now carry Clinique products. Plans call for 54 stores to offer
VARENNES, Quebec — Jean Coutu Group saw retail and corporate sales climb for the fourth quarter and full year of fiscal 2017. Adjusted earnings per share also were in line with analysts’ expectations, with year-end EPS topping the consensus estimate. Jean Coutu Group said Thursday that for the 14-week fourth quarter ended March 4, revenue
VARENNES, Quebec — Jean Coutu Group and its affiliated pharmacist-owners have rolled out travel health services. The Quebec-based drug chain said the services include immunizations, prescriptions for certain conditions and pharmacist consultations to assist customers with travel preparations. At more than 190 Jean Coutu pharmacies across Quebec, customers can meet with a nurse who can
VARENNES, Quebec — The Jean Coutu Group won a key ruling in a long-running legal challenge that was brought by a pharmacist-owner. Coutu announced that the Superior Court of Quebec upheld the royalty clauses in its franchise agreements. In particular, the court determined that the clauses don’t violate section 49 of the Code of Ethics
VARENNES, Quebec — Jean Coutu Group’s retail network saw sales rise for the fiscal 2017 third quarter, propelled by gains in both the front end and pharmacy. Jean Coutu’s corporate business also posted increased sales for the quarter, and the company’s adjusted earnings per share (EPS) were in line with analysts’ forecast, despite a decline
VARENNES, Quebec — The Jean Coutu Group won a key ruling in a long-running legal challenge by a pharmacist-owner. Jean Coutu Group said Tuesday that the Superior Court of Quebec upheld the royalty clauses in its franchise agreements. In particular, the court determined that the clauses don’t violate section 49 of the Code of Ethics
VARENNES, Quebec — A rise in front-end sales hoisted revenue at Jean Coutu Group’s retail store network for the fiscal 2017 second quarter. The Canadian drug store operator also saw corporate sales climb in the quarter and topped financial analysts’ consensus forecast for adjusted earnings per share. Jean Coutu said Wednesday that for the second
MONTREAL — The Jean Coutu Group is the target of a class-action suit filed by a group of its franchisees seeking to recover $252 million in royalties. In a brief statement, Coutu said that it plans to challenge the action. “The Jean Coutu Group Inc. confirms that it has received a copy of the class-action
VARENNES, Quebec — Sales gains in the front end helped lift revenue for the Jean Coutu Group retail store network in the company’s fiscal 2017 first quarter. Jean Coutu said Tuesday that for the first quarter ended May 28, sales for its franchise store network edged up 1.5% to nearly $1.079 billion (Canadian) from about
VARENNES, Quebec — Retail store sales edged up for the fiscal 2016 fourth quarter and full year at Jean Coutu Group, but the company saw net earnings decline year over year for both periods. Jean Coutu said Wednesday that for the fourth quarter ended Feb. 27, revenue for its franchise store network grew 0.6% to
LONGUEUIL, Quebec — Gains in the pharmacy offset slow front-end business to lift sales for Jean Coutu Group’s retail store network in the fiscal 2016 second quarter. Jean Coutu said Wednesday that for the second quarter ended Aug. 29., revenue for the franchised store network rose 2.6% to nearly $1.034 billion (Canadian) from about $1.008
LONGUEUIL, Quebec — Pharmacy and over-the-counter drug sales helped drive revenue gains in the fiscal 2016 first quarter for the Jean Coutu Group’s retail store network. The Canadian drug chain said Tuesday that for the first quarter ended May 30, sales for the franchised store network rose 4.4% to nearly $1.063 billion (Canadian) from $1.018
