Walgreen, Rite Aid Comp Sales Beat On Pharmacies

Drugstores are in clearance mode to get merchandise off shelves before back-to-school season starts, but strong pharmacy sales helped Walgreen (WAG) and Rite Aid (RAD) beat June sales estimates. Walgreen’s same-store sales climbed 7.5%, topping consensus forecasts for a 6.8% increase, led by a 11.3% jump on the pharmacy side. Total June sales rose 8.9% to $6.28 billion. Prescriptions were helped by one extra Monday and one fewer Saturday in June

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