Walgreens April Sales Tick Up

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Walgreens (NASDAQ: WBA  ) has reported its April metrics. For the month, the company's sales came in at $5.98 billion, a rise of nearly 4% over the $5.76 billion the company posted in the same month in April 2012. Overall front-end (i.e., non-pharmacy goods) sales fell by 2.9% over that time, while pharmacy sales were 7.3% higher.

Comparable store sales -- a key metric for any retail operation -- advanced 1.2% on a year-over-year basis for the month. Front-end "comps" were down by 4.3% over that time frame, however. Also recording a decline was the metric for customer traffic on a comparable-store basis, which fell 5.9%. Comparable pharmacy sales, on the other hand, grew by 4.7% over April 2012's figure.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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