Comparable front end sales increase 1.6% from January 2011. Walgreens had January sales of $5.80 billion, a decrease of 2.3% from $5.93 billion for the same month in fiscal 2011. Total front-end sales increased 2.7% in January 2012 compared with the same month in 2011, while comparable store front-end sales increased 1.6%, following a 0.6%
The board of directors of Walgreen Co. has authorized a new $1 billion share repurchase program, which will expire at the end of 2012. The board also declared a regular quarterly dividend of 17.5 cents per share, a 27.3% increase over the year-ago dividend. The dividend is payable Dec. 11, 2010, to shareholders of record
Walgreen Co. has received the regulatory clearance from the U.S. Federal Trade Commission needed to complete the acquisition of Duane Reade Holdings Inc. “We’re clear to move forward and complete the Duane Reade acquisition, which will immediately give Walgreens a leading position in the nation’s largest drugstore market,” said Walgreens president and CEO Greg Wasson.