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Walgreen Receives a Shot of Success with Pharmaceuticals
Excerpt from the InvestorGuide.com Stock of the Day on 9/29/2009

The Walgreen Company beat out Wall Street predications with its fourth quarter performance today. Although profit declined from this time last year, it managed to top analysts' expectations. Walgreen also saw its overall sales rise 7.6 percent. The largest U.S. drugstore has been battling increasing competition from CVS (CVS: Charts, News, Offers) and Rite Aid (RAD: Charts, News, Offers), but its fourth quarter report comes as promising news for most investors. How was Walgreen able to post such an impressive quarterly performance? What are the drugstore chain's plans for the future?

Walgreen launched an intensive cost-cutting initiative, which has helped improve profit margins. The drugstore chain has been focusing specifically on streamlining its inventory and in-store setup. Walgreen feels that this will not only help reduce expenses but also improve the customer's shopping experience. In addition, Walgreen has been gradually reducing the number of store openings, which has given it more time and resources to channel towards its cost-cutting efforts. However, a big reason behind its impressive fourth quarter performance was its pharmaceutical sales. Despite its recent success, Walgreen realizes that it cannot stay complacent in such a competitive industry. More >


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Can Walgreens Find a Prescription for its Falling Profit?
Excerpt from the InvestorGuide.com Stock of the Day on 6/22/2009

Walgreens' investors must be struggling to deal with mixed emotions. On the one hand, the company's profit slipped 8.7% this past quarter, and has many issues to tackle in this economy. On the other hand, the company is still profitable, something which many other companies have not been able to claim recently. The company's stock has fallen in early morning trading, and yet there is reason to believe that things will eventually turn around and propel the stock upwards. What is contributing to this combination of positives and negatives, and how can we expect to see this play out in the future? More >

Walgreen Posts 10 Percent Profit Decline
Excerpt from the InvestorGuide.com Stock of the Day on 12/22/2008

Walgreen made headlines this morning when the company reported a 10 percent decline in 1Q profits. This was slightly below what analysts were expecting and consequently, the stock was down 3 percent in early trading and opened 4 percent lower. So what affected the company's profits, and is this a sign of some possibly greater declines in the future? More >

Walgreen Q3 Profit Jumps Nearly 20 Percent
Excerpt from the InvestorGuide.com Stock of the Day on 6/25/2007

Walgreen Co., one of the largest drugstore chains in the nation, reported Monday morning that their third quarter profit increased by almost 20 percent. The company cited several factors as contributing to the increased earnings, including new stores and an increase in the market share for their top products. Profit for the third quarter amounted to $561.2 million or 56 cents a share, as compared to $469.2 million, or 46 cents per share, in the year-ago period. Analysts had been expecting earnings of 53 cents per share. So what's next for Walgreen, and will they be able to maintain results? More >

Walgreen Q-1 Profits Just Miss Expectations   3/27/2006

Walgreen Shares Up on Jump in Profits   1/3/2005

Walgreen Company (WAG) Upgrades

Date
Analyst
Old Rating
New Rating
09/29/2009
Barrington Research
Market Perform
Outperform
08/27/2009
Raymond James
Market Perform
Outperform
02/08/2008
UBS
Neutral
Buy
10/22/2007
Morgan Stanely
Equal Weight
Overweight
07/09/2007
Matrix Research
Buy
Strong Buy
03/19/2007
J.P. Morgan
Overweight
Neutral

Walgreen Company (WAG) Downgrades

Date
Analyst
Old Rating
New Rating
10/03/2008
Morgan Stanley
Overweight
Equalweight
09/30/2008
UBS
Buy
Neutral
01/28/2008
Citi
Hold
Sell
10/07/2007
Banc of America Sec
Buy
Sell
10/06/2007
Banc of America Sec
Buy
Sell
10/05/2007
Banc of America Sec
Buy
Sell

Walgreen Company (WAG) New Coverage

Date
Analyst
Rating
09/18/2009
FTN Equity
Buy
06/12/2009
First Global
Market Perform
04/13/2009
Gabelli & Co
Buy
07/30/2008
BofA
Buy
07/11/2008
Jefferies & Co
Hold
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