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Walgreen fiscal 4th-qtr profit jumps 69 percent

Drugstore operator Walgreen Co. says its fiscal fourth-quarter profit jumped 69 percent, boosted in part by a gain from the sale of its pharmacy benefits management business.

 

Rite Aid's Loss Widens

Rite Aid posted a wider quarterly loss as sales fell. The drug-store operator also cut its outlook for the current fiscal year.

 

Walgreen Net Falls, Sales Rise

Walgreen posted a 1.6% drop in quarterly profit, but sales rose and the drugstore chain's gross profit margin improved.

 

Walgreen giving free care to jobless and uninsured

Drugstore operator Walgreen will offer free clinic visits to the unemployed and uninsured for the rest of the year, providing tests and routine treatment for minor ailments through its walk-in clinics though patients will still pay for prescriptions.

 

Walgreens May Resume Beer And Wine Sales

Walgreen Co. executives are considering selling booze at its drugstores after phasing out beer and wine at all but a few hundred stores in the 1990s.

 

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