Walgreen Near 52-Week High After Q1 Report

Filed under: Earnings Reports, Walgreen Co (WAG), CVS Corp (CVS)

Walgreen (WAG) is having a merry Christmas. The stock closed on Thursday at $39.19. The 52-week high for the shares is $40.20. Pretty cool for those who own this name. Something even cooler: the drugstore chain issued a solid fiscal first-quarter report earlier in the week.

The press release begins with three bragging bullet points: the top line gained 6% and came in at $17.3 billion; gross margin expanded by 80 basis points; operating cash flow was $1.2 billion. Nice, but in terms of the latter point, it should be noted that cash from operations was essentially flat compared to last year's number. That's okay, though, it's still respectable.

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Walgreen Near 52-Week High After Q1 Report originally appeared on BloggingStocks on Fri, 24 Dec 2010 10:00:00 EST. Please see our terms for use of feeds.

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