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Walgreen Co. reported fiscal first-quarter earnings of $61 million, or 13 cents per share, a 19 percent decrease from $75 million, or 15 cents per share, in the year-earlier period.
Per-share earnings have been adjusted to reflect a 2-for-1 stock split on Aug. 8.
Before a one-time charge of $26 million related to an accounting change, Walgreens earned $87 million, a 16 percent increase from a year earlier.
The Deerfield-based drugstore chain said sales in the quarter ended Nov. 30 rose 14 percent, to $3.49 billion from $3.05 billion a year earlier.
