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Key Walgreen revenue metric sinks in November

Walgreen Co. revenue from established stores came in lower than Wall Street expected once again last month, as the introduction of generic drugs continued to squeeze revenue for the nation's largest drugstore chain.

By Tom Murphy | Updated on December 05, 2012

Walgreen Co. revenue from established stores came in lower than Wall Street expected once again last month, as the introduction of generic drugs continued to squeeze revenue for the nation’s largest drugstore chain.

The Deerfield, Ill., company said Wednesday revenue from stores open at least a year fell 6.2 percent. That included an 8.8 percent drop in pharmacy revenue and a 1.7 decline from the front end, or rest of the store. All three figures reflected steeper drops than analysts predicted.

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