Walgreens July Sales Up 4.7%

Fiscal 2011 year-to-date sales up 7% from fiscal 2010.

Walgreens opened 13 stores during the month of July, including three relocations, and closed one store for a net increase of nine in the month. The drug store chain reported July sales of $5.82 billion, an increase of 4.7% from $5.56 billion for the same month in 2010.

As of  July 31, Walgreens operated 8,195 locations in all 50 states, the District of Columbia, Puerto Rico and Guam..

Walgreens’ total front-end sales increased 6.8% in July, while comparable store front-end sales increased 4.8%. Customer traffic in comparable stores increased 1.4% and basket size increased 3.4%.

Prescriptions filled at comparable stores increased 1.3% in July. Calendar day shifts in July, which had one additional Sunday and one fewer Thursday compared with July 2010, negatively impacted prescriptions filled in comparable stores by 2.2%.

July pharmacy sales increased 2.7%, while comparable pharmacy sales increased 1.5%. Calendar day shifts negatively impacted pharmacy sales in comparable stores by 2.2%. Comparable pharmacy sales were also negatively impacted by 1.9% due to generic drug introductions in the last 12 months. Pharmacy sales accounted for 64.5% of total sales for the month.

Sales in comparable stores (those open at least a year) increased 2.7%. The effect of calendar day shifts negatively impacted total comparable sales by 1.4%.

Calendar year-to-date sales were $41.93 billion, an increase of 7.3% from $39.06 billion in 2010.

Fiscal 2011 year-to-date sales for the 11 months were $66.07 billion, up 7% from $61.76 billion in fiscal 2010.


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