Business
Shoppers Drug Mart reiterates 2008 guidance
TORONTO, March 5 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) presented at the CIBC World Mar...
About this update from Serrano Resources Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, March 5 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC)\npresented at the CIBC World Markets Retail Conference this morning. In the\npresentation document reference was made to sales growth of 9% - 10% in the\nCompany's outlook for 2008. This represents sales growth adjusted to a 52-week\nfiscal year. The Company reiterates its guidance for total sales growth of\n10.5% - 12% for 2008, which is a 53-week fiscal year.\n\n\nFor further information on the Company's 2008 outlook, please refer to\nits Fourth Quarter 2007 Results press release dated February 5th, 2008.\n\n\nShoppers Drug Mart Corporation is one of the most recognized and trusted\nnames in Canadian retailing. The Company is the licensor of full-service\nretail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in\nQuebec). With more than 1,060 Shoppers Drug Mart and Pharmaprix stores\noperating in prime locations in each province and two territories, the Company\nis one of the most convenient retailers in Canada. The Company also owns and\noperates 64 Shoppers Home Health Care stores, making it the largest Canadian\nretailer of home health care products and services. In addition to its retail\nstore network, the Company also owns MediSystem Technologies Inc., a provider\nof pharmaceutical products and services to long-term care facilities in\nOntario and Alberta.\n\n\nForward-looking Information and Statements\n\n\nThis news release contains forward-looking information and statements\nwhich constitute "forward-looking information" (under Canadian securities\nlaw), and which may be material, regarding, among other things, the Company's\nbeliefs, plans, objectives, estimates, intentions and expectations, including\nas they relate to its operating and financial results, capital expenditures,\ndividend policy and the ability to execute on its operating, investing and\nfinancing strategies. The forward-looking information and statements contained\nherein are based on certain assumptions by management, certain of which are\nset out in this news release. Inherent in the forward-looking information and\nstatements are known and unknown risks, uncertainties and other factors beyond\nthe Company's ability to control or predict. Actual results or developments\nmay differ materially from those contemplated by the forward-looking\ninforma...