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
Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its second quarter loss widened sharply from last year, as higher costs and expenses more than offset a 33% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in well above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
Follow RTT