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Walgreen September Sales Grow 0.4%

Walgreen reports surprise sales growth in September.

NEW YORK (

TheStreet

) --

Walgreen

(WAG)

reported a surprise 0.4% uptick in same-store sales.

This is better than the 1.1% decline Wall Street predicted. Comparable pharmacy sales rose 0.3%, while front-end sales inched up 0.7%.

Last week, rival

Rite Aid

(RAD) - Get Rite Aid Corporation Report

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posted a 0.9% in September comparable sales, taking a hit from both prescription and discretionary purchases. The drugstore saw a 1.2% decline in pharmacy same-store sales, while the front-end, which includes shampoos, candy and other non-essentials, retreated 0.3%.

-- Written by Jeanine Poggi in New York.

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