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François Coutu

Jean Coutu store network sees 1Q sales uptick

Jean Coutu store network sees 1Q sales uptick

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

Retail sales up as Jean Coutu closes fiscal year

Retail sales up as Jean Coutu closes fiscal year

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

Pharmacy fuels 2Q sales at Jean Coutu stores

Pharmacy fuels 2Q sales at Jean Coutu stores

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

Jean Coutu Group tallies sales gains in 1Q

Jean Coutu Group tallies sales gains in 1Q

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

Sales at Jean Coutu rise in 4Q, full year

Sales at Jean Coutu rise in 4Q, full year

LONGUEUIL, Quebec — The Jean Coutu Group reported increased corporate and retail store sales for its fiscal 2015 fourth quarter and full year but saw net income dip in both periods. The Canadian drug chain said Wednesday that for the fourth quarter ended Feb. 28, sales in its franchised store network total $1.099 billion (Canadian), up

Jean Coutu breaks ground on new HQ site

LONGUEUIL, Quebec — Jean Coutu Group has begun construction of its new headquarters and distribution center in Varennes, Quebec. The Canadian drug chain broke ground on the 3.4 million-square-foot site Friday in a ceremony attended by chairman Jean Coutu, president and chief executive officer François Coutu, and other company executives, as well as Varennes mayor