Walgreen continues to post strong year-over-year comparisons. Last June, Walgreen's SSS rose 9%, with pharmacy sales up 11.6%. Having one fewer Thursday and one more Saturday during the month compared to a year ago, management estimated that pharmacy SSS would have been 1.7% higher. While the 2.3% SSS increase for Rite Aid
Walgreen operates in a competitive industry. Competitors include other drugstore chains like CVS
The company continues to impress, posting positive same-store sales results month after month. At a P/E of 21, I don't find the stock rich, given the solid performance that the company delivers.
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