On Tuesday, drugstore chain Walgreen Company (WAG
) reported higher fourth quarter earnings, which came in above analysts’ estimates.
The Deerfield, IL-based company recorded fourth quarter earnings of $657 million, or 69 cents per share, up from $353 million, or 39 cents per share, a year ago. Excluding special items, earnings were $702 million, or 73 cents per share. Analysts expected to see earnings of 72 cents per share.
Total revenue was $17.94 billion for the quarter, up from $17.07 billion last year. Analysts expected to see revenue of $17.95 billion.
During the quarter, total comparable store sales increased 4.6%, while front end comps rose 1.6%. Customer traffic decreased by 1.9%, while basket size rose 3.6%.
Walgreen shares were up 26 cents, or 0.48%, during pre-market trading Tuesday. The stock is up 45% YTD.
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