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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.

This story is only available from our archives.

Business, Pages 27 on 12/22/2012

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