Walgreen Profit Exceeds Estimates as New Products Boost Sales
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Walgreen Co., the largest U.S. drugstore chain, reported second-quarter profit that topped analysts’ estimates after new grocery and household items boosted sales.
Net income in the quarter ended Feb. 29 declined 7.6 percent to $683 million, or 78 cents a share, from $739 million, or 80 cents, a year earlier, Deerfield, Illinois-based Walgreen said today in a statement. Analysts projected 77 cents, the average of estimates compiled by Bloomberg.