News

Prescription business booming for Walgreens

April 2, 2018

Walgreens beat projected quarterly profit and sales and expects to enjoy more than $350 million in cash tax boost for this year.

That tax benefit, as reported by CNBC, is a $150 million more than earlier expectations and shares rose nearly 5 percent in trading following the financial report.

Pharmacy same-store sales jumped 5.1 percent in the most recent quarter as Walgreens filled 9.1 percent more prescriptions compared to a year prior.