Overall Revenue Growth
Total sales reached $6.9 billion, marking an increase of 3.3% compared to the third quarter last year.
Pharmacy Sales Performance
Pharmacy same-store sales grew by 5.5%, supported by a 6.2% growth in prescription sales and a 4% growth in front-end sales.
EBITDA Improvement
EBITDA for the quarter totaled $656 million, up 5.7% year-over-year, with EBITDA as a percentage of sales at 9.5%, an increase of 20 basis points over Q3 2024.
Adjusted Net Earnings Growth
Adjusted net earnings were $332 million, an increase of 8.8% from last year, with adjusted net earnings per share up 12.6% year-over-year.
Online Sales Expansion
Online sales grew by 14% for the quarter, driven by the expansion of click-and-collect services and home delivery partnerships with DoorDash, Instacart, and Uber.
Successful Store Expansions
Five new stores were opened in the quarter with plans to open six more in the fourth quarter, including the launch of a new Adonis store in Ontario.