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VOL. 35 | NO. 38 | Friday, September 23, 2011




Walgreen fiscal 4th-qtr profit jumps 69 percent

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DEERFIELD, Ill. (AP) — Drugstore operator Walgreen Co. says its fiscal fourth-quarter profit jumped 69 percent, boosted in part by a gain from the sale of its pharmacy benefits management business.

The Deerfield, Ill., company says it earned $792 million, or 87 cents per share, in the quarter that ended Aug. 31. A year ago, it earned $470 million, or 49 cents per share. Revenue for this year's quarter climbed more than 6 percent to nearly $18 billion. Adjusted earnings were 57 cents per share, excluding the business sale gain and other one-time items.

Analysts expected, on average, earnings per share of 55 cents for the quarter.

Walgreen is the largest drugstore chain in the United States with more than 7,700 stores.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0