logo
Share SHARE
FONT-SIZE Plus   Neg

Walgreen Posts Lower Q2 Profit - Quick Facts

Walgreen Co. (WAG: Quote) reported a decline in its second-quarter net earnings to $683 million or $0.78 per share from $739 million or $0.80 per share a year ago. On average, 23 analysts polled by Thomson Reuters expected earnings per share of $0.77 for the quarter. Analysts' estimates typically exclude one-time items.

The company said this year's results benefited from one extra day versus last year because of leap year. Compared with last year, the mild cough/cold and flu season impacted net earnings per share by 3 cents, while the effect of no longer being part of the Express Scripts, Inc. pharmacy provider network as of January 1, 2012, impacted results by 7 cents per share.

Quarterly sales went up 0.8 percent to $18.65 billion from prior-year quarter's $18.50 billion, whereas 20 analysts estimated revenues of $18.52 billion for the quarter. Front-end comparable store sales rose 2.1 percent in the second quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
RELATED NEWS
Trade WAG now with 
Follow RTT