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Home  >  Austin Accountants  >  69% 4Q profits for Walgreens

69% 4Q profits for Walgreens

Posted on Monday, October 17th, 2011 at 7:37 pm.

Walgreens has made a profit of $792 million in their fourth-quarter.

They are attributing this profit to their same-store sales growth increasing by 4.4 percent. Last year in their fiscal fourth-quarter, Walgreens recorded a profit of $470 million.  The total sales of the company grew by 6.5 percent up to $18 billion.

Despite their 69 percent profit increase for their 4Q, Walgreens stock fell 3.33 percent due to apprehension of the unsuccessful deal between Walgreens and Express Scripts. Walgreens is still optimistic about their overall sales and predict an organic growth of 2.5 percent during the next fiscal year.

If you are in need of assistance with the financial side of business, please contact the Austin Business Accounting Experts of Austin Accounting.