DEERFIELD, Ill. (AP) — Drugstore operator Walgreen Co. said Wednesday a key measure of revenue rose in April, but the growth was slightly below Wall Street expectations.
Walgreen, based in Deerfield, Ill., said revenue at stores open at least a year rose 3.4 percent in April. But analysts surveyed by Thomson Reuters expected, on average, that revenue at those stores had risen 3.6 percent.
Revenue at stores open at least a year is a closely watched gauge of retail health because it leaves out results from stores that have opened, closed or been acquired within the past year.
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