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
Casino operator Las Vegas Sands Corp. (LVS), Monday said its second-quarter profit dropped from last year, hurt largely by continued challenging environment in the high-end gambling business in Macao, China. Earnings for the quarter fell short of Wall Street expectations, as did revenues. Second-quarter... Analog chip maker Texas Instruments Inc. (TXN), Monday reported a 12 percent jump in profit for the second quarter, driven largely by better cost control and higher revenues. Earnings for the quarter trumped analysts' expectations, as did revenues. The company also detailed a strong outlook for the third... UPS (UPS) has announced the expansion of its UPS Worldwide Express package service to reach 117 countries and territories. UPS, the world's largest package delivery services, delivers more packages internationally than any other carrier. Over 50 countries and territories have been added to the UPS...
comments powered by Disqus
Follow RTT