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News Watch
Walgreen Beats Estimates, Same Store Sales Rise (WAG) - 9/30/2009 4:36:03 PM

9/30/2009-Tuesday, Walgreen (NYSE:WAG) reported Q4 EPS of 47 cents, which includes 7 cents in savings and excludes a 3-cent restructuring charge, topping consensus estimates of 39 cents. Revenues rose 7.6% year-over-year to $15.70 billion, and came in slightly higher than consensus estimates of $15.68 billion. Walgreen said that Q4 same-store sales rose 2.4%.

"We're now balancing the pace of new store openings with other growth opportunities," said Walgreens President and CEO Greg Wasson. "We're determined to grow market share through continued organic store growth, increased comparable sales and pharmacy file buys. We'll also continue evaluating potential acquisitions that reinforce our core strategies."


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