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Tuesday, March 25, 2014

Walgreen to close 76 stores in 2nd half of 2014 - MarketWatch

Walgreen to close 76 stores in 2nd half of 2014 - MarketWatch

 Adjusted earnings were 91 cents a share. Analysts surveyed by FactSet had forecast earnings of 93 cents a share on sales of $19.6 billion. Walgreen said it would close 76 stores in the second half of the fiscal year but that it still expected a net rise in its store count of around 55 to 75 locations. The company opened or acquired 28 new stores in the second quarter versus 29 in the same period a year earlier. Walgreen shares were down 0.8% in premarket action

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