DEERFIELD, Ill. (AP) — Walgreen, the largest U.S. drugstore chain, said Thursday that its August sales fell 4.5 percent to $5.85 billion, partly because it was not a part of the Express Scripts pharmacy network. Its fourth-quarter revenue also missed Wall Street's view.
The company's stock slipped 39 cents, to $35.49 in morning trading. The shares have traded between $28.53 and $37.61 over the past year.
Walgreen Co. said that prescriptions filled at stores open at least a year declined 6.8 percent. Not being part of the Express Scripts Inc. pharmacy network hurt those prescriptions by 10.7 percentage points.
Walgreen said that the prescriptions processed by Express Scripts made up 12.6 percent of its prescriptions in the prior-year period.
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