Walgreens (NYSE:WAG)(NASDAQ:WAG) had June sales of $5,236,400,000, an
increase of 9.0 percent from $4,804,867,000 for the same month in 2008.
Sales in comparable stores (those open at least a year) increased 3.4
percent.
Comparable store front-end sales decreased 0.9 percent versus last
year’s June increase of 3.4 percent. Front-end sales were hurt by softer
sales of seasonal items compared to last year.
June pharmacy sales increased 11.0 percent, while comparable pharmacy
sales increased 5.8 percent. Comparable pharmacy sales
were negatively impacted by 4.4 percentage points due to generic
drug introductions in the last 12 months.
Prescriptions filled at comparable stores increased 7.5 percent in June,
including 1.5 percentage points due to more patients filling 90-day
prescriptions. Pharmacy sales accounted for 66.7 percent of total sales
for the month.
Calendar day shifts had a positive impact on the month, as pharmacy
patients fill more prescriptions during the week than on weekends. This
year, June had one more weekday compared to June last year. Calendar
shifts positively impacted total comparable store sales by 1.5
percentage points, comparable pharmacy sales by 2.3 percentage points
and prescriptions filled in comparable stores by 2.2 percentage points.
Calendar year-to-date sales were $31,802,646,000 an increase of 7.1
percent from $29,701,361,000 in 2008.
Fiscal 2009 year-to-date sales for the 10 months were $52,868,206,000,
up 7.4 percent from $49,242,073,000. Comparable store sales for the
fiscal year to date increased 2.1 percent.
Walgreens opened 46 stores during June, including five relocations, and
acquired four stores.
At June 30, Walgreens operated 7,407 locations in all 50 states, the
District of Columbia, Puerto Rico and Guam. That includes 6,902
drugstores, 605 more than a year ago, including 73 stores acquired over
the last 12 months. The company also operates worksite health centers,
home care facilities and specialty, institutional and mail service
pharmacies. Its Take Care Health Systems subsidiary manages 718 in-store
convenient care clinics and worksite health and wellness centers.
Franchisees of Option Care, Inc., a wholly-owned subsidiary of
Walgreens, are not included in Walgreens location or store count.
Please note: Monthly sales numbers are preliminary and unaudited.
Comparable stores are defined as those drugstore locations open for at
least 12 consecutive months without closure for seven or more
consecutive days and without a major remodel or a natural disaster in
the past 12 months. Relocated and acquired stores are not included as
comparable stores for the first 12 months after the relocation or
acquisition. Ninety-day prescriptions are counted as three 30-day
prescriptions. This better reflects true consumption and is consistent
with industry standards.
Walgreens
Media Contact: Tiffani Washington, (847) 914-2925
Investor
Contact: Rick Hans, CFA, (847) 914-2385
http://news.walgreens.com