Shoppers Drug Mart parent company says cough and cold sales hit all-time high

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Loblaw Cos. Ltd. chairman and president Galen G. Weston says the combination of COVID-19, RSV and the flu led to a record number of cough and cold medication sales at the company's pharmacies, which include Shoppers Drug Mart and Pharmaprix.

He says the manufacturers of multinational and generic brands have had trouble keeping up with the spike in demand.

He says manufacturers are working hard to get more product available, but it's difficult to say when the shortages will end.His comments to analysts on Wednesday came as Loblaw said its overall drugstore same-store sales grew by 7.7 per cent in its latest quarter. Metro Inc., which runs pharmacies including Jean Coutu and Brunet, reported a 7.4 per cent increase in pharmacy same-store sales in its latest quarter.

 

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I thought there wasn't any to sell

Congrats? 🙄🙄

Who's buying coughs and colds, and what genius managed to sell them to people? I want that person on my marketing team.

So too did toilet paper in 2020 lol

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Shoppers Drug Mart parent company says cough and cold sales hit all-time highCanada's biggest drugstore chain says sales of cough and cold products hit an all-time high this fall. Ya and I’m sure they made a ton of profit!! stopgougingcanadians theworldiswatching That's awesome! Now tell the population there's a shortage of Haemorrhoid cream and watch them all pile into those shelves....
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Loblaw Companies Ltd. reports Q3 profit and revenue up from year agoLoblaw Companies Ltd. reported its third-quarter profit rose about 30 per cent compared with a year ago. Inflation I guess. I thought it was “Inflation” that was driving up the cost? Funny how their profit goes up with the cost of groceries. 🤔
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