April same-store sales at Walgreen Co. rose 1.6%, although front-end, same-store sales fell 3.1%. Sales for the period suffered from the shift of Easter to March in 2008. Dow Jones Newswire
Shares of all three retailers feel sharply on the news. Walgreen Company’s same-store sales for the month rose 2.6% over prior years — the smallest rise in at least 16 years and well below Wall Street’s 5% target. The December same-store number breaks down into a 3.3% rise for pharmacy sales and 1.7% for general [...]