Retail News Breaks Archives
Same-store sales climb at Walgreens
July 2nd, 2009
DEERFIELD, Ill. – Walgreen Co. on Thursday posted a 3.4% gain in comparable-store sales for June and a 9% overall revenue increase for the month.
Total sales climbed to $5.24 billion in June from $4.80 billion a year earlier, the drug store chain reported.
Comparable-store front-end sales dipped 0.9% in June, compared with a 3.4% rise a year ago. Walgreens said softer sales of seasonal items impacted front-end revenue during the month.
On the pharmacy side, total sales for June jumped 11%, and comparable-pharmacy sales increased 5.8%. Comparable-pharmacy sales were negatively impacted by 4.4 percentage points because of generic drug introductions in the last 12 months, the company said.
Prescriptions filled at comparable stores rose 7.5% in June, including 1.5 percentage points due to more patients filling 90-day prescriptions, according to Walgreens.
Calendar-day shifts had a positive impact on June results, since pharmacy patients fill more prescriptions during the week than on weekends, the company noted. This year, June had one more weekday than a year ago.
Fiscal 2009 year-to-date sales for the 10 months were $52.87 billion, up 7.4% from a year earlier, Walgreens said. Comparable-store sales for the fiscal year to date increased 2.1%.
Walgreens opened 46 stores during June, including five relocations, and acquired four stores. As of June 30, the chain operated 6,902 drug stores, 605 more than a year ago, including 73 stores acquired over the last 12 months.