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Wade Miquelon. (Walgreen Co.)
Walgreen Co. Chief Financial Officer Wade Miquelon was arrested on suspicion of drunken driving last month, his second such arrest in a little more than a year, according to court records.
Miquelon, 45, of Winnetka, was stopped in a Jeep at 10:03 p.m. Sept. 25 in the 200 block of Sheridan Road in Kenilworth. Police ticketed him for having a tail light out, driving with a suspended license and driving under the influence.
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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. Get the full story »
The Food and Drug Administration on Tuesday warned Johnson & Johnson, CVS and Walgreens to stop making “unproven“ claims that their mouthwash products are effective in removing plaque or preventing gum disease.
In a warning letter sent to each company, regulators specifically targeted Johnson & Johnson’s “Listerine Total Care Anticavity Mouthwash“, CVS’s “CVS Complete Care Anticavity Mouthwash“ and Walgreen’s “Walgreen Mouth Rinse Full Action.” Get the full story »
Shoppers at a Walgreens in Vernon Hills. (Lane Christiansen/Chicago Tribune)
Walgreen Co. fourth-quarter profits were up 8 percent in the company’s fourth quarter on prescription sales but impacted somewhat by a large New York pharmacy acquisition earlier this year.
The Deerfield-based company, which operates more than 8,000 stores across the country, this morning reported profits of $470 million, or 49 cents a share in its fourth-quarter ended Aug. 31. That compares to $436 million, or 44 cents a share, in the company’s fourth quarter of last year.
The earnings report helped boost Walgreens shares up nearly 9 percent, or $2.71 a share, to $33.06 in trading this morning on the New York Stock Exchange. Get the full story »
Several analysts say another Walgreen Co. dividend boost may be in the offing. Walgreens, which raised its quarterly dividend 27 percent to 17.5 cents a share in July, may be looking to move closer its long-term dividend payout target of 30 percent to 35 percent net of earnings. Get the full story »
Deerfield-based Walgreens and the syndicated “The Dr. Oz Show” from Oprah Winfrey’s Harpo Productions are teaming on a multi-platform campaign to encourage flu vaccinations.
Deerfield-based Walgreen Co. said it ended its fiscal year Aug. 31 with an 8.6 percent gain in during the month to $5.66 billion. That brought the 12-month total to $67.4 billion, a 6.5 percent gain over fiscal 2009.
The company also said it has engineered a swap with elderly-care specialist Omnicare Inc. in which Omnicare will buy Walgreens’ long-term care pharmacy unit while Walgreens will acquire Omnicare’s home-infusion business. Get the full story »
Target will open five retail health clinics in the area next week. (Phil Velasquez/ Tribune)
Target Corp., renewing its push into retail medicine, will open five clinics in Chicago area stores, giving a boost to a form of health care delivery that has seen slower growth amid the economic downturn.
Like its rivals, Target’s clinics will be open seven days a week with no appointment needed. They treat patients for routine illnesses and injuries such as ear and sinus infections, skin treatments and certain vaccinations. Get the full story »
Walgreen Co.’s headquarters expects to outsource as many as 150 accounting jobs by mid-2011 to India’s Genpact, which recently acquired Walgreens’ 500-employee accounting office in Danville. Get the full story >>
Walgreens unveiled a new service Thursday that makes it possible for pharmacy customers to chat with a pharmacist online 24 hours a day.
Available at Walgreens’ Web site, customers register online to give a pharmacist access to their prescription information, just as they would in a pharmacy, and a registered pharmacist pops up in a chat window to answer confidential prescription-related questions. Get the full story »
A former Deloitte and Touche LLP partner and his son were charged with insider trading in securities of Best Buy Co. Inc. , Sears Holdings Corp. and other companies, the Securities and Exchange Commission said Wednesday.
Thomas Flanagan, a former Deloitte vice chairman, used inside information obtained through his duties at the accounting firm to reap more than $430,000 in illegal profits, the SEC said. Get the full story »
U.S. drugstore chain Walgreen Co. reported a weaker-than-expected rise in July same-store sales, hurt by sales of lower-priced generic drugs and decreased sales of flu remedies.
Sales at drugstores open at least a year rose 0.4 percent compared to July 2009, less than the 1.6 percent expected by analysts, according to Thomson Reuters data. Get the full story »
Walgreen Co. on Wednesday raised its quarterly dividend 27 percent to 17.5 cents a share, topping its compound annual dividend growth rate of 24 percent in the past six years. Last year, the drugstore chain raised its dividend 22 percent and set a long-term dividend payout target of 30 percent to 35 percent of net earnings. Get the full story »
Walgreen Co. said its June same-store sales rose 2 percent, a reversal from two straight months of declines, as front-end discretionary sales improved. Overall, sales jumped 8.4 percent to $5.67 billion, increased by three percentage points by Duane Reade stores the company acquired this year. Duane Reade stores aren’t included in same-store results. Get the full story »
