03:43 PM EST - Jean Coutu Group : reported that its fourth-quarter net earnings amounted to $42.8 million or $0.18 per share, compared to a net loss of $733.6 million or $3.11 per share in the year-ago quarter. Earnings before specific items and share of loss in Rite Aid amounted to $42.9 million or $0.18 per share, compared with $38.5 million or $0.16 per share during the fourth quarter of the previous fiscal year. Revenues amounted to $637.0 million, up from $607.2 million in the year-ago quarter. This increase is attributable to the overall market growth and the expansion of the Jean Coutu Group network of franchised stores. During the fourth quarter of fiscal year 2010, on a same-store basis, PJC network retail sales grew of 3.8%, pharmacy sales gained 4.8% and front-end sales increased by 2.2% compared with the same period last year. Jean Coutu Group (PJC) Inc.
shares T.PJC.A are trading down $0.05 at $9.01.
