Market Movers

Important gauge falls at pharmacy giant

Walgreen operates more than 8,000 drugstores.

JB Reed/Bloomberg News/File

Walgreen operates more than 8,000 drugstores.


A key Walgreen Co. revenue gauge slid more than analysts expected in December. The Deerfield, Ill., company said revenue from stores open at least a year dropped 6.1 percent last month as a shift toward generic drugs and a calendar quirk hurt sales. Pharmacy revenue tumbled 8.9 percent, while revenue from the rest of the stores fell 2.3 percent. Analysts had expected a slightly larger-than-reported drop of 9 percent drop in pharmacy revenue.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of