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April 11, 2006

Brooks' owner reports higher revenues, lower profits

Jean Coutu Group, the Canadian company that owns the Brooks drugstore chain, today reported slightly higher revenues, but lower profits, for the latest quarter.

Revenues increased to $2.87 billion from $2.8 billion for the same quarter last year. Profits, however, fell to $31.6 million from $39.9 million.

The company said sales grew “despite a milder flu season in all of our markets.’’ Jean Coutu will have a conference call at 9 a.m. to discuss its results. To listen, go to Jean Coutu's Web site.

Posted by Jack Perry  at 7:33 AM | Permalink

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