(Reuters) - TORONTO, Aug 3 - Canadian drug store chain Jean Coutu Group reported a loss for its fourth quarter on Friday as charges related to the sale of its U.S. network to Rite Aid Corp. hurt results. The company said it had a loss of $6.9 million, or 3 cents a share, in the quarter. That is down from a profit of $30.3 million, or 12 cents a share, in the same period last year.
Jean Coutu closed the sale of its U.S. Brooks and Eckerd chains to Rite Aid in early June for $2.36 billion in cash and and 250 million shares of Rite Aid.
Read more at Reuters.com Market News
Jean Coutu closed the sale of its U.S. Brooks and Eckerd chains to Rite Aid in early June for $2.36 billion in cash and and 250 million shares of Rite Aid.
Read more at Reuters.com Market News
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