Walgreen profit drops almost 26%
Superstorm Sandy, big buyouts hurt first-quarter results
Posted: December 22, 2012 at 1:58 a.m.
A customer enters a Walgreen Co. store in Chicago earlier this year. The company reported that overall it earned $413 million in the three months that ended Nov. 30.
Walgreen’s fiscal firstquarter earnings sank nearly 26 percent as costs tied to a couple of big deals and superstorm Sandy helped put a bigger-than-expected dent in the drugstore chain’s performance.
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Business, Pages 27 on 12/22/2012
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