Walgreens (WAG) Reports June Sales Up 8.4%, Comps Up 2%
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Walgreens (NYSE: WAG) (NASDAQ: WAG) had June sales of $5.67 billion, an increase of 8.4 percent from $5.23 billion for the same month in 2009. Duane Reade stores contributed 3.0 percentage points to the total sales increase for the month.
Sales in comparable stores (those open at least a year) increased 2.0 percent. Duane Reade stores are not included in any comparable store results.
June pharmacy sales increased 6.8 percent, while comparable pharmacy sales increased 1.8 percent. The effect of calendar day shifts positively impacted comparable pharmacy sales by 0.2 percentage point. Comparable pharmacy sales were negatively impacted by 1.9 percentage points due to generic drug introductions in the last 12 months and by 0.3 percentage point due to lower incidence of flu. Pharmacy sales accounted for 65.6 percent of total sales for the month.
Prescriptions filled at comparable stores increased 3.4 percent in June, including 1.3 percentage points due to more patients filling 90-day prescriptions. Calendar day shifts positively impacted prescriptions filled in comparable stores by 0.2 percentage point, while the lower incidence of flu negatively impacted comparable prescriptions filled by 0.7 percentage point.
Total front-end sales increased 10.9 percent in June, including 5.1 percentage points from Duane Reade. Comparable store front-end sales increased 2.2 percent. Customer traffic in comparable stores increased 2.0 percent, while basket size increased 0.2 percent.
Calendar year-to-date sales were $33.52 billion, an increase of 5.4 percent from $31.80 billion in 2009.
Fiscal 2010 year-to-date sales for the first 10 months were $56.22 billion, up 6.4 percent from $52.86 billion.
Walgreens opened 24 stores during June, including five relocations, acquired one and closed one.
Sales in comparable stores (those open at least a year) increased 2.0 percent. Duane Reade stores are not included in any comparable store results.
June pharmacy sales increased 6.8 percent, while comparable pharmacy sales increased 1.8 percent. The effect of calendar day shifts positively impacted comparable pharmacy sales by 0.2 percentage point. Comparable pharmacy sales were negatively impacted by 1.9 percentage points due to generic drug introductions in the last 12 months and by 0.3 percentage point due to lower incidence of flu. Pharmacy sales accounted for 65.6 percent of total sales for the month.
Prescriptions filled at comparable stores increased 3.4 percent in June, including 1.3 percentage points due to more patients filling 90-day prescriptions. Calendar day shifts positively impacted prescriptions filled in comparable stores by 0.2 percentage point, while the lower incidence of flu negatively impacted comparable prescriptions filled by 0.7 percentage point.
Total front-end sales increased 10.9 percent in June, including 5.1 percentage points from Duane Reade. Comparable store front-end sales increased 2.2 percent. Customer traffic in comparable stores increased 2.0 percent, while basket size increased 0.2 percent.
Calendar year-to-date sales were $33.52 billion, an increase of 5.4 percent from $31.80 billion in 2009.
Fiscal 2010 year-to-date sales for the first 10 months were $56.22 billion, up 6.4 percent from $52.86 billion.
Walgreens opened 24 stores during June, including five relocations, acquired one and closed one.
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