logo
Share SHARE
FONT-SIZE Plus   Neg

Walgreens March Comparable Store Sales Down 6.8% - Quick Facts

Walgreens (WAG) 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
Snacks giant Mondelez International Inc. (MDLZ) made a takeover bid of $23 billion to acquire chocolate behemoth Hershey Co. (HSY) that would create the world's largest chocolate company. Nevertheless, shares of Hershey jumped over 15 percent after the company revealed that it has rejected the offer. "The... Mortgage rates dropped this week to the lowest level in more than three years hurt by the UK's shocking decision to exit European Union. Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 3.48 percent for the week ended... Walt Disney Co. (DIS) have installed new signs and temporary barriers across it parks and resorts warning against alligators. References, jokes and appearances of crocodiles eating children have also been cut. Walt Disney World made these changes after the death of 2-year old Lane Graves, who was...
comments powered by Disqus
Follow RTT