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Walgreens Closing 76 Stores This Year

Walgreens announced earlier today that their second quarter earnings fell compared to previous year and that it will close 76 stores. However, it still expected net store count to rise. The net earnings disclosed was $754 million or 78 cents per share, compared to $756 million or 79 cents per share from last year. 

Net sales however, went up 5.1% reaching $19.6 billion, and same store sales went up 4.3%. Even though they plan to close a large number of stores, the company also opened 28 new stores. Walgreen shares dropped 0.8% during pre-market trading.