logo
Share SHARE
FONT-SIZE Plus   Neg

Walgreens March Comparable Store Sales Down 6.8% - Quick Facts

Walgreens (WAG: Quote) said it had March sales of $6.02 billion, down 4.3 percent from $6.29 billion in the same period last year.

Sales in comparable stores for the month declined 6.8 percent. The effect of calendar day shifts negatively impacted total comparable sales by 1.3 percentage points. The company said it will report combined comparable store sales for March and April with its April sales results.

Total front-end sales were up 2.5 percent, while comparable store front-end sales increased 1.2 percent, compared with the same month a year ago. Customer traffic in comparable stores were down 1.0 percent while basket size increased 2.2 percent.

"We continued to see growth in our front-end business, and with Easter falling on April 8 this year we anticipate that much of our Easter sales will be reflected in our April results," said Walgreens Executive Vice President and CFO Wade Miquelon. "In addition, our new advertising circular strategy has helped drive profitable sales."

Walgreens opened eight stores during March, including one relocation.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's said it would restructure its business to focus more on franchises, and would recast its market segments and cut costs, as the fast food giant grapples with weak global sales. Automakers on Friday reported higher U.S. vehicle sales for the month of April, helped by low gasoline prices as well as continuing strong demand for trucks and utility vehicles. General Motors Co. and FCA US, LLC each reported sales growth of about 6% for the month, while Ford Motor Co. and Toyota Motor Corp. reported 5.4% and 1.8% increases, respectively. Are you really ready for an objective appraisal of how old you look? If not, stay far away from How-Old.net, a website to guess how old you are, which was introduced at the recent Microsoft Build 2015 developer conference. The website has caught...
comments powered by Disqus
Follow RTT