ST. LOUIS--(BUSINESS WIRE)--April 28, 2005--D&K Healthcare Resources, Inc. (NASDAQ:DKHR):
-- Company reports diluted earnings per share of $0.25 for the third quarter of fiscal 2005,
-- Independent and regional pharmacies sales for the quarter grew 33%
-- Company revises guidance for remainder of fiscal 2005
D&K Healthcare Resources, Inc. (NASDAQ:DKHR) reported today that diluted earnings per share (EPS) for the third quarter of fiscal 2005 were $0.25 compared to $0.38 in the prior year quarter. The reduction in EPS from last year reflects the transition from a "buy and hold" to a "fee for service" industry model which decrease the contribution by the national accounts trade class as it reduced the amount of inventory available to this trade class. Similar to the Company's first and second quarter results, product price increases were lower than previous years, contributing to the unfavorable quarterly results. Sales in the independent and regional pharmacies trade class increased 33% over last year, continuing the strong growth shown during the first half of fiscal 2005.
