Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Walgreens February Comp Sales Down 0.6%

RELATED NEWS
Trade WAG now with 
3/5/2013 9:36 AM ET

Drugstore chain Walgreens (WAG: Quote) announced Tuesday that comparable store sales, or sales at stores open for one year or more, edged down 0.6 percent in February, with total sales, including stores open less than a year, also declining 2.2 percent from last year.

The Deerfield, Illinois-based company reported that total sales, including stores open less than a year, decreased 2.2 percent to $5.75 billion in the month of February, from $5.88 billion in the same period of last year. However, excluding 2012 February's leap day, sales increased 1.5 percent.

The company noted that all comparable store sales and comparable prescription figures compare the first 28 days each in February 2012 to February 2013.

Total comparable store sales also edged down 0.6 percent, which had a negative impact of 3.7 percentage points due to generic drug introductions over the past 12 months.

At the company's pharmacy counters, sales for the month decreased 2.1 percent, bit increased 2.0 percent when excluding the 2012 February leap day. Comparable store pharmacy sales remained flat, negatively impacted by 6.0 percentage points due to due to generic drug introductions.

Total prescriptions filled at comparable stores for the month of February increased 6.5 percent, including a 0.1 percentage point positive impact higher incidence of flu, while Flu shots had no impact on comparable store sales.

The company noted that the percentage of Express Scripts (ESRX: Quote) customers filling prescriptions at its pharmacies continued to increase in February on a flu-adjusted basis.

The company noted that flu shots administered at pharmacies and clinics season-to-date grew to nearly 7.0 million from about 5.5 million last year.

Total front-end sales in February declined 3.1 percent or remained flat after excluding last year's extra leap day, and comparable store front-end sales was down 0.4 percent. Customer traffic in comparable stores decreased 4.9 percent, while basket size increased 3.5 percent.

During the month of February, Walgreens opened eleven stores, including five re-locations, and one closure.

For fiscal 2013 year-to-date six-month period, total sales declined 2.3 percent to $35.95 billion from the year-ago period. Meanwhile, sales grew 2.2 percent to $11.91 billion for the calendar year-to-date two-month period.

In Tuesday's regular trading session, WAG is currently trading at $40.72, down $1.05 or 2.51% on a volume of 0.13 million shares.

Register
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
Justin Moore has been named Humanitarian of the Year by by the Armed Forces Foundation. Moore received the award alongside Big Machine Label Group President/CEO Scott Borchetta for their service and commitment to the morale and welfare of military families through the Crown Royal "Your Hero's Name Here" contest. International Business Machines Corp. said Wednesday after the markets closed that its first quarter profit fell 21% from last year, hurt by lower revenue as well as a hefty workforce rebalancing charge. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Stocks moved sharply higher over the course of the trading day on Wednesday, further offsetting the steep losses posted late last week. The markets benefited from a positive reaction to the latest earnings news as well as remarks by Federal Reserve Chairman Janet Yellen. The major averages saw further upside going into the close, ending the session at their best levels of the day.
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.