Walgreen Company (NYSE:WAG) has released the first quarter earnings for fiscal 2010. The company reported its net earnings at $489 million, 19.6% higher than the previous year during the same period. It’s earnings per share were $0.49 per diluted share, 19.5% higher than the $0.41 per diluted share recorded during the first quarter of the previous year.
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The company reviewed the financial results on Monday, December 21 during a conference call. A webcast of the call is available on the company’s investor website at http://investor.walgreens.com. The webcast will remain on the site for twelve months after the call.
Walgreen Co. (Walgreens) is engaged in retail drugstore business. As of August 31, 2009, the Company operated 7,496 locations in 50 states, the District of Columbia, Puerto Rico and Guam. During the fiscal year ended August 30, 2009 (fiscal 2009), the Company opened or acquired 691 locations. Total locations do not include 337 convenient care clinics operated by Take Care Health Systems, Inc. within the Company’s drugstores. The Company’s drugstores are engaged in the retail sale of prescription and non-prescription drugs and general merchandise. General merchandise includes, among other things, household items, personal care, convenience foods, beauty care, photofinishing, candy, and seasonal items. Walgreens offers customers the choice to have prescriptions filled at the drugstore counter, as well as through the mail, by telephone and through the Internet.
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