Walgreens Expects Earnings to Increase

Walgreens WAG President and CEO Greg Wasson stated earlier today: “Fiscal 2010 was highlighted by accelerating execution on our core strategies and an ability to leverage our financial flexibility to capture growth opportunities including our acquisition of Duane Reade,” said Wasson. “We remain confident in our ability to drive earnings growth, increase our return on invested capital and generate strong cash flow. Our use of cash has been, and will continue to be, guided by a capital policy that commits us to maintaining a strong balance sheet and financial flexibility; reinvesting in core strategies and related strategic activities; and returning surplus cash to shareholders in the form of dividends and share repurchases.”