Successful companies don’t stop innovating during tough times. And they get even smarter about cost control without giving up customer service. those two factors seem to be behind Walgreens strong earnings report today which sent sales up 7.6% while earnings fell 1.5%. (The stock closed at $37.35 a share, up 9.24%).
Walgreens has redesigned stores and cutback on new store openings to focus on the business it currently has and those moves have been paying off. On top of that, it has been looking for ways to attract new business.