Walgreen Surges to Record as May Sales Top Estimates
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Walgreen Co., the biggest U.S. retail drugstore chain, surged to its highest price in at least 34 years as the company reported May sales that topped analysts’ estimates.
Walgreen shares rose 4.2 percent to $74.56, the highest closing price on record since at least July 1980, according to data compiled by Bloomberg. Sales in comparable stores rose 4.4 percent in May, the Deerfield, Illinois-based company said in a statement, compared with analysts’ estimates of 4.1 percent.