Walgreen's June Sales Tick Up

As with May, Walgreen (NYSE: WAG  ) 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.


Read/Post Comments (2) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • 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?

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2523178, ~/Articles/ArticleHandler.aspx, 10/1/2014 12:40:08 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement