51°FFairFull Forecast

Walgreen profit falls, as expected

Walgreen 4Q profit falls 55 pct, tops forecasts

Published: Friday, Sept. 28, 2012 11:00 p.m. CDT

Walgreen Co.’s fourth quarter net income fell 55 percent compared with last year when a big gain inflated results for the nation’s largest drugstore chain.

A business split that drove away customers and a multibillion-dollar overseas expansion also put a sizeable dent in the Deerfield, Ill., company’s earnings.

Walgreen said Friday it earned $353 million, or 39 cents a share, in this year’s quarter. That compares to $792 million, or 87 cents a share, a year ago.

More News

National video

Reader Poll

CNN will host the first debate of Democratic candidates for president on Oct. 13. Do you plan to watch it?
Not sure
No opinion