DEERFIELD, Ill.—Drugstore chain Walgreen says second-quarter earnings rose 5 percent as it controlled expenses to offset slower sales growth.
Deerfield, Ill.-based Walgreen Co.’s says earnings increased 5 percent to $685.9 million, or 69 cents per share, from $651.9 million, or 65 cents per share, a year ago.
Total sales rose 11 percent to $15.39 billion, from $13.93 billion.
Thomson Financial says analysts forecast profit of 67 cents per share on revenue of $15.43 billion.
The company operates more than 6,200 Walgreens stores in the U.S., including 132 in Colorado.
Officials say that overall, same-store sales gained 4.7 percent.
Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance since it measures growth at existing stores.
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