The delay is due to the first-time consolidation of the activities of Eckerd, a transaction which closed on July 31, 2004. The balance sheet and one-month operating results of Eckerd will be included in the first quarter financial statements of PJC. Concurrently, PJC is changing its reporting currency to US dollars. The complexity of these items and the related accounting work are the sole reasons for the delay.
PJC has requested an extension to the required filing deadline for its interim financial statements from the administrative agents of its credit facilities.
Financial analysts are invited to attend the Jean Coutu Group conference call during which the financial results for the first quarter of fiscal 2004- 2005 will be presented:
Tuesday, October 19, 2004 at 9:00 A.M ET Speaker: Francois J. Coutu, President and Chief Executive Officer of The Jean Coutu Group (PJC) Inc. Dial number: 1 800 387-6216 Name of the conference: Conference call with The Jean Coutu Group
Media and other interested individuals are invited to listen to the live or deferred broadcast on the Jean Coutu Group corporate website at http://www.jeancoutu.com/ . A full replay will also be available by dialing 1 800 408- 3053 until November 17, 2004 (access code 3103823 (pound sign)).
About The Jean Coutu Group The Jean Coutu Group (PJC) Inc. is now the fourth largest drugstore chain in North America and the second largest in both the eastern United States and Canada. The Company and its combined network of 2,204 corporate and affiliated drugstores (under the banners of Eckerd, Brooks, PJC Jean Coutu, PJC Clinique and PJC Sante Beaute) employ more than 59,600 people. The Jean Coutu Group''s United States operations employ over 45,600 persons and comprise 1,549 Eckerd and 336 Brooks drugstores, all corporate owned stores located in 18 states of the Northeastern, mid-Atlantic and Southeastern United States. The Jean Coutu Group''s Canadian operations and the drugstores affiliated to its network employ over 14,000 people and comprise 277 PJC Jean Coutu stores, 40 PJC Clinique and 2 PJC Sante Beaute, all franchised, in Quebec, New Brunswick and Ontario. Website: http://www.jeancoutu.com/
THE JEAN COUTU GROUP (PJC) INC.