Summary
CHICAGO -- Walgreen Co., the nation's largest drugstore chain by revenue, reported a slim rise in its fourth-quarter profit on Monday and said sales were slowed by Hurricane Katrina and consumers' increasing preference for generic prescription drugs over pricier name-brand ones.
Despite falling short of Wall Street's estimates for earnings and sales, the company made $329 million, posted another double-digit sales increase and reiterated its intention to open a record number of stores in the coming year.See the full content of this document
Extract
Walgreen's Quarterly Profits Edge Up
Investors nevertheless sent Walgreen's shares down $1.01, or 2.4 percent, to $41.50 on the New York Stock Ex...
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