logo
Share SHARE
FONT-SIZE Plus   Neg

Walgreens March Comp Sales Edges Up 0.7%

Drugstore chain Walgreens (WAG) announced Tuesday that comparable store sales, or sales at stores open for one year or more, edged up 0.7 percent in March, with total sales, including stores open less than a year, also increasing 2.3 percent from last year.

The Deerfield, Illinois-based company reported that total sales, including stores open less than a year, grew 2.3 percent to $6.16 billion in the month of March, from $6.02 billion in the same period of last year.

The company's March sales results were negatively impacted by calendar day shifts due to one additional Sunday and one fewer Thursday in March 2013 compared to March 2012. In addition, Easter fell on March 31 this year compared to April 8 last year.

Total comparable store sales also edged up 0.7 percent, which had a negative impact of 3.0 percentage points due to generic drug introductions over the past 12 months. It also included a 2.1 percentage points negative impact due to calendar day shifts.

At the company's pharmacy counters, sales for the month edged up 0.4 percent. Comparable store pharmacy sales decreased 1.5 percent, negatively impacted by 4.8 percentage points due to due to generic drug introductions, and by 3.4 percent due to calendar day shifts. Pharmacy sales accounted for 62.2 percent of total sales for March.

Total prescriptions filled at comparable stores for the month of March increased 4.0 percent, including a 3.4 percentage points negative impact due to calendar day shifts.

The company noted that the percentage of Express Scripts (ESRX) customers returning and filling prescriptions at its pharmacies continued to increase in March.

Total front-end sales in March grew 5.4 percent, and comparable store front-end sales was up 4.2 percent. Customer traffic in comparable stores decreased 1.3 percent, while basket size increased 5.5 percent.

During the month of March, Walgreens opened twelve stores, including four re-locations, and one closure.

For fiscal 2013 year-to-date seven-month period, total sales declined 1.7 percent to $42.12 billion from the year-ago period. Meanwhile, sales grew 2.3 percent to $18.09 billion for the calendar year-to-date three-month period.

In Wednesday's regular trading session, WAG is currently trading at $47.85, up $0.53 or 1.12% on a volume of 1.43 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
As most of us are painfully aware, the days of the pension are mostly gone. The percentage of employers still offering a traditional defined benefit pension plan to newly hired employees fell from about 50% to 5% between 1998 and 2015, according to advisory firm Willis Towers Watson. Many companies... Cruise Critic, a cruise reviews and information site, has announced its 10th annual Editors' Picks Awards for the best cruise ships and lines of 2017. The awards are given in three categories - ocean cruises, luxury cruises and river cruises. Viking Cruises, with five wins, topped the list of award winners. Following Viking in second spot was Crystal Cruises, with four awards. French real estate company Unibail-Rodamco SE Tuesday announced that it has entered into an agreement to acquire Australian shopping centre group Westfield Corp. in a deal that implies an enterprise value of $24.7 billion. The deal is expected to create the world's premier developer and operator of flagship shopping destinations with 61.1 billion euros or $72.2 billion of Gross Market Value.
comments powered by Disqus
Follow RTT