Walgreen profit falls, as expected
Walgreen 4Q profit falls 55 pct, tops forecasts
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.
Story Archived
Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.
Please sign in with your Comment Member ID and password.
Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Having trouble?
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com
