Walgreens (WAG) Reports November Same-Store Sales
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Walgreens (NYSE: WAG) had November sales of $4,961,800,000, an increase of 3.7% from $4,783,401,000 for the same month in 2007. Sales in comparable stores (those open at least a year) decreased 0.9% and comparable store front-end sales decreased 0.9%.
Black Friday and the following weekend saw stronger consumer traffic than a year ago, but fewer items were purchased per transaction. Transactions in comparable stores rose 1.7% in November.
November pharmacy sales increased 2.4%, while comparable pharmacy sales decreased 0.9%. Comparable pharmacy sales were negatively impacted by 2.3 percentage points due to generic drug introductions in the last 12 months.
Total prescriptions filled at comparable stores decreased 3.4% in November, negatively impacted by 0.6 percentage points due to the switch of Zyrtec from prescription to over-the-counter status. Pharmacy sales accounted for 64.4% of total sales for the month.
Walgreen Company (Walgreens) is principally a retail drugstore chain that sells prescription and non-prescription drugs, and general merchandise. General merchandise includes, among other things, beauty care, personal care, household items, candy, photofinishing, greeting cards, convenience foods and seasonal items. [SM]
Black Friday and the following weekend saw stronger consumer traffic than a year ago, but fewer items were purchased per transaction. Transactions in comparable stores rose 1.7% in November.
November pharmacy sales increased 2.4%, while comparable pharmacy sales decreased 0.9%. Comparable pharmacy sales were negatively impacted by 2.3 percentage points due to generic drug introductions in the last 12 months.
Total prescriptions filled at comparable stores decreased 3.4% in November, negatively impacted by 0.6 percentage points due to the switch of Zyrtec from prescription to over-the-counter status. Pharmacy sales accounted for 64.4% of total sales for the month.
Walgreen Company (Walgreens) is principally a retail drugstore chain that sells prescription and non-prescription drugs, and general merchandise. General merchandise includes, among other things, beauty care, personal care, household items, candy, photofinishing, greeting cards, convenience foods and seasonal items. [SM]
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