Walgreen Suffers 25% Profit Drop in Q1

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Walgreen (NASDAQ: WBA  ) reported its fiscal Q1 2013 results today. According to an official statement from the company, net profit measured by GAAP standards dropped by over 25% year over year during the quarter to land at $413 million ($0.43 per share). Net sales totaled $17 billion, a fall of nearly 5% from Q1 2012.

The company intimated that the shortfall was due to several factors, including the continuing impact of customer loss resulting from a dispute with Express Scripts (NASDAQ: ESRX  ) . 

Additionally, the company made a change in the way it accounted for its 45% stake in European pharmacy conglomerate Alliance Boots. The modification negatively affected results by $0.07 per share, instead of the previously expected accretion of $0.03.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2166993, ~/Articles/ArticleHandler.aspx, 10/28/2016 6:04:29 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,161.19 -8.49 -0.05%
S&P 500 2,126.41 -6.63 -0.31%
NASD 5,190.10 -25.87 -0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/28/2016 4:00 PM
ESRX $65.09 Down -4.14 -5.98%
Express Scripts CAPS Rating: ****
WBA $81.10 Down -1.06 -1.29%
Walgreens Boots Al… CAPS Rating: ****