Walgreen's June Sales Tick Up

As with May, Walgreen (NASDAQ: WBA  ) was undoubtedly pleased to report a monthly rise in some of its key operating metrics. The company has released its figures for June, revealing that the company's sales were $5.79 billion, an increase of 2.5% from the $5.64 billion in the same month last year. Overall front-end (i.e., non-pharmacy goods) sales rose by 2.2%, while pharmacy sales advanced at a year-over-year rate of 2.9%.

Meanwhile, comparable-store sales rose 2.3% during the month, with front-end comps creeping up 0.8%. Comparable pharmacy sales grew by 3.3% over those of June 2012. For the second month in a row, however, customer traffic on a comparable-store basis declined, by 2.9% in this case.

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  • Report this Comment On July 04, 2013, at 1:22 AM, bestwaytoriches wrote:

    Eric, This rise was not enough to support the high price WAG has the chart show Wag to sink below $ 37 . Valuations do count and RAD $ 2.75 beat streets expectations the under valued great turnaround story will send RAD to $ 5.50 by Dec.2013 With a PE of 9 and price to sales of .09

    RAD deserves a much higher price. Remember there refinancing results will spin off a lot of cash the street still has not worked into there model.

    One more thing Point and Figure chart has RAD price target at $ 7

  • Report this Comment On July 04, 2013, at 3:58 PM, TMFVolkman wrote:

    bestwaytoriches, what do you think a realistic price target for WAG is at the moment, given these recent results?

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