Walgreen’s Net Up on New Store Openings

Walgreen Co., the largest U.S. drugstore chain, said fiscal second-quarter earnings rose 14% as the company added stores and increased sales of generic drugs.

Net income increased to $370.9 million, or 36 cents a share, from $326.6 million, or 32 cents, a year earlier, Walgreen said. Sales rose 13% to $8.45 billion.

Shares of Deerfield, Ill.-based Walgreen fell $1.32 to $30.50 on the NYSE.