Walgreen sales rise in September, topping forecasts

By Reuters
Posted Oct. 5, 2010 at 7:54 a.m.

U.S. drugstore chain Walgreen Co. on Tuesday posted a stronger-than-expected rise in September same-store sales on strong demand in its pharmacy business.

Sales at drugstores open at least a year rose 0.4 percent from September 2009, the company said Tuesday, topping the 1.1 percent decline analysts had expected, according to Thomson Reuters data.

Pharmacy same-store sales increased 0.3 percent, much better than the 1.7 percent decline analysts had expected.

Overall September sales rose 5.3 percent to $5.64 billion.

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