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market movers

Walgreen’s sales and stock slip

Also pressuring Walgreen: The Pentagon’s Tricare health plan has decided to continue to exclude the largest US drugstore chain from its provider network.

Daniel Acker/Bloomberg News/File 2011

Also pressuring Walgreen: The Pentagon’s Tricare health plan has decided to continue to exclude the largest US drugstore chain from its provider network.

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Walgreen Co.’s quarterly revenue fell 4.9 percent to $17.1 billion, trailing estimates. The main problem: The departure of Express Scripts customers. Walgreen has lost business to CVS Caremark and Walmart since its contract to fill Express Scripts customers’ prescriptions expired. Walgreen will be part of the benefits provider’s network again on Sept. 15.

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