Business

Walgreen posts 4Q loss on Alliance Boots charge

By Tom Murphy
Published September 30, 2014 4:24pm ET
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Walgreen posts 4Q loss on Alliance Boots charge
In this July 13, 2014 photo, a taxi speeds past the neon-lit Walgreens drugstore in the French Quarter of New Orleans. Walgreen reports quarterly financial results before the market opens on Tuesday, Sept. 30, 2014. (AP Photo/Rogelio V. Solis) | Rogelio V. Solis

Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance Boots acquisition, but the drugstore chain’s results still met Wall Street expectations.

Walgreen Co. said Tuesday that it recorded a non-cash loss of $866 million in the quarter that ended Aug. 31 because it decided to exercise early its option to buy the remaining stake in Alliance Boots that it did not already own.

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