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Walgreen fiscal 4th-qtr profit jumps 69 percent

Drugstore operator Walgreen Co. says its fiscal fourth-quarter profit jumped 69 percent, boosted in part by a gain from the sale of its pharmacy benefits management business.

 

Walgreen Net Falls; Shoppers Hold Back

Walgreen profit fell 6.7% as sales outside of the pharmacy department slipped. Discounts dented profit margins.

 

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