Walgreen Co. posted a 1.6 percent decline in net income for the fourth quarter ended Aug. 31 on higher selling, general and administrative expenses, but nonetheless managed to beat Wall Street analysts’ earnings expectations.
The drugstore chain’s profits were $436 million, or 44 cents a diluted share, down from $443 million, or 45 cents, in the same period a year ago. Analysts on average had estimated EPS of 39 cents a share.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"