Walgreen Company June Sales Jump by 9%

Today Walgreen (NYSE: WAG  )   announced its sales during the month of June jumped to $6.3 billion, an increase of 8.9% relative to last year.

Comparable-store sales also saw an impressive gain in June, as they rose by 7.5%, however Walgreen did recognize an increase of 1.7% thanks to a calendar shift of one additional Monday and one less Sunday in June of this year versus last year. However, it also recognized a negative impact of 0.9% thanks to the increased availability of generic drugs.

There was a wide bit of variability in sales increases in the different portions of Walgreen's business. Its front-end sales at stores open at least a year increased by just 1.3%, whereas its pharmacy sales at such stores skyrocketed by 11.3%, and its prescriptions filled grew by 7.3%. The shift of the calendar resulted in a positive gain of 2.6% to its pharmacy sales.

On the negative side of things, Walgreen noted its saw a decreased amount (2%) of customer traffic the front end of its stores open at least 12 months, however it did see the average transaction increase nicely by 3.3%.

In total, June marked another impressive month for Walgreen, as in total during the 10 months thus far in its 2014 fiscal year, its sales have increased by 6%, or $3.3 billion, to $63.7 billion over 2013 levels.

Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. And there's one small company making Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!


Read/Post Comments (0) | 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.

Be the first one to comment on this article.

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: 3017550, ~/Articles/ArticleHandler.aspx, 11/23/2014 3:08:07 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