Walgreen Profit Drops Amid Loss of Express Scripts Sales
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Walgreen Co., the largest U.S. drugstore chain, said fiscal first-quarter profit dropped 25 percent, hurt by the loss of Express Scripts Holding Co. customers.
Net income in the quarter ended Nov. 30 fell to $413 million, or 43 cents a share, from $554 million, or 63 cents, a year earlier, the Deerfield, Illinois-based company said today in a statement. Excluding certain charges, profit totaled 58 cents a share.