Walgreen December Sales Fall Short

NEW YORK ( TheStreet) -- Walgreen ( WAG) reported a 2.8 % jump in December same-store sales, falling short of expectations.

The drugstore saw a 3.6% boost from front-end same-store sales, which include discretionary items like cosmetics and food. This marked the biggest gain for the division in over a year. Pharmacy comparable sales rose 2.2%.

Analysts expected December same-store sales to gain 3.3%.

On Tuesday, rival Rite Aid ( RAD) posted a 0.6% uptick in comparable sales for the month, better than the 1% decline Wall Street forecast.

--Written by Jeanine Poggi in New York.

>To contact the writer of this article, click here: Jeanine Poggi.

>To follow the writer on Twitter, go to http://twitter.com/jpoggi.

>To submit a news tip, send an email to: tips@thestreet.com.

More from Stocks

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer on Zillow's New Business: Buying and Selling Homes

Jim Cramer on Zillow's New Business: Buying and Selling Homes

Jim Cramer: Wabtec Deal Gives General Electric Optionality

Jim Cramer: Wabtec Deal Gives General Electric Optionality

Jim Cramer on the Markets: It's Natural to Have Some Profit Taking

Jim Cramer on the Markets: It's Natural to Have Some Profit Taking

Video: Jim Cramer on the Markets, Oil, General Electric, Zillow and Micron

Video: Jim Cramer on the Markets, Oil, General Electric, Zillow and Micron