Yesterday, regional drug store chain Duane Reade
Duane Reade operates 239 stores, all in the New York Metropolitan area. So while same-store drug sales grew 8.6%, the company cited weaker-than-expected prescription drug sales and the August blackout.
The bigger players have no such issues. CVS
CVS also saw fit to report that it expects to earn $0.46 per share in the coming quarter vs. Wall Street expectations of $0.43 per share. EPS for the full year is now expected to climb from $1.75 last year to between $1.95 and $2.00 per share.
Smaller rival Rite Aid
As a result of the strong sales, CVS shares are up 4.7% to $33.64 midday, while Rite Aid is up nearly 4% to $5.82.
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