DEERFIELD, Ill. (AP) — Walgreen Co. brought in more revenue from established stores than Wall Street expected last month, as the nation's largest drugstore chain saw an increase in business due to the flu and its repaired relationship with pharmacy benefits manager Express Scripts Holding Co.
The Deerfield, Ill., company said revenue from stores open at least a year climbed 3.7 percent in January, as a 6.2 percent gain in pharmacy sales was tempered by a slight drop in sales from the front end, or the rest of the store.
Revenue from stores open at least a year is considered a key indicator of retailer health because it leaves out results from locations that have opened or closed in the last year. Walgreen opened nine stores last month, acquired two and closed two locations.
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