Walgreen (WAG) says Dec. same-store sales unexpectedly fell 0.3%, led by a 3.1% drop in general...

|By:, SA News Editor

Walgreen (WAG) says Dec. same-store sales unexpectedly fell 0.3%, led by a 3.1% drop in general merchandise; analysts were expecting growth of 2.3%. Walgreen attributed the drop to a leaner inventories, which it says reduced clearance sales, but put it in a better position for 2010. WAG -2.3% premarket.