Filed under: Earnings reports, Wal-Mart (WMT), Walgreen Co (WAG), CVS Corp (CVS), Rite Aid Corp (RAD)
Walgreen (WAG), a drugstore chain that competes with CVS Caremark (CVS) and Rite Aid (RAD), issued fiscal Q1 numbers on Monday. The growth rates were impressive.
Total sales were up 9.5%. Net income increased almost 20% to 49 cents per diluted share. Operational cash flow was higher by over three times. According to our earnings preview, analysts were expecting 48 cents per share. Of course, since there were restructuring charges included in the above per-share profit stat (equal to 3 cents per share), the beat is better than it looks. This was indeed a good quarter.
Continue reading Walgreen achieves impressive growth in Q1
Walgreen achieves impressive growth in Q1 originally appeared on BloggingStocks on Tue, 22 Dec 2009 17:30:00 EST. Please see our terms for use of feeds.
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Full story at http://www.pheedcontent.com/click.phdo?i=0d79662f38142511cf4d0b4557fa48be
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