Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Walgreens March Comparable Store Sales Down 6.8% - Quick Facts

RELATED NEWS
Trade WAG now with 

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.

Click here to receive FREE breaking news email alerts for Walgreen Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Pharmaceutical giant Pfizer, Inc., which was aspiring to buy British drug maker AstraZeneca Plc, reported Tuesday a profit for the second quarter that plunged 79 percent from last year, which reflected hefty gains from animal health business sales. Total revenues declined 2 percent, as it continued to be hurt by generic competition for major drugs. Home improvement and building products company Masco Corp. said Monday after the markets closed that its second quarter profit jumped 78% from last year, as revenue increased and margins improved amid strong performance of its Plumbing Products, Installation and Other Services and Decorative Architectural Products segments.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.