business news in context, analysis with attitude

• Longs Drug Stores Corp. reported that its fourth-quarter profit climbed 38 percent, to $37.2 million, from $26.9 million in the prior-year quarter. Revenue rose 11 percent to $1.45 billion from $1.31 billion in the fourth quarter of 2007, on same-store sales that were down 0.6 percent.

For the full year, Longs’ net income rose 29 percent to $96.2 million, from $74.5 million, in the prior year. Revenue grew six percent to $5.26 billion from $4.97 billion.
KC's View: