Walgreen quarterly profit falls

Fri Dec 21, 2012 7:39am EST

Dec 21 (Reuters) - Walgreen Co posted a lower quarterly profit on Friday as the largest U.S. drugstore chain works on winning back shoppers after losing many of them earlier this year during a major contract dispute with Express Scripts Holding Co.

Walgreen earned $413 million, or 43 cents per share, in the fiscal first quarter, down from $554 million, or 63 cents per share, a year earlier.

Sales fell 4.6 percent to $17.32 billion, with sales at stores open at least a year, or same-store sales, down 8 percent.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article