logo
  Join        Login             Stock Quote

Walgreen (WAG) Nov. Sales Down As Prescriptions Filled Drop

 December 05, 2012 09:14 AM
 


(By Balaseshan) Drugstore chain Walgreen Co. (NYSE: WAG) said sales for the month of November declined 3.9 percent as prescriptions filled at comparable stores fell 2.9 percent due to fewer flu shots.

The Deerfield, Illinois-based company said November sales were $5.85 billion and total front-end sales dropped 0.3 percent, while comparable store front-end sales declined 1.7 percent. Sales in comparable stores declined 6.2 percent.

"This year's November had one additional Thursday and Friday and one fewer Tuesday and Wednesday compared with November 2011, negatively impacting prescriptions filled in comparable stores by 0.3 percentage points," the company said.

[Related -Walgreen Company (NYSE:WAG) Q1 Earnings Preview: What To Watch?]

Walgreen's pharmacy sales went down 4.7 percent, while comparable store pharmacy sales were off 8.8 percent due to generic drug introductions in the last 12 months, the company said.

During the month of November, Walgreens opened 39 stores, including 10 relocations and closed one.

As of Nov. 30, Walgreens operated 8,516 locations in all 50 states, the District of Columbia, Puerto Rico and Guam.

For the first quarter that ended on Nov. 30, total sales declined 4.5 percent to $17.34 billion from $18.16 billion in the previous year quarter, lower than market expectations of $17.62 billion. Comparable store sales decreased 7.7 percent, while front-end comparable store sales declined 2.0 percent.

Prescriptions filled at comparable stores decreased 4.6 percent and total prescriptions decreased 3.0 percent in the first quarter. Comparable pharmacy sales fell 10.8 percent.

[Related -Walgreen Co. (WAG) Dividend Stock Analysis]

WAG shares, which have been trading between $28.53 and $37.35 over the past year, closed Tuesday's regular session down 0.03% at $34.27.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageBuffett's Market Indicator Flashes Red, Prepare To Sell

With each passing month, it's becoming evident that the current bull market has slowed from a gallop to a read on...

article imagePBoC joins other major central banks with unconventional monetary policy action

Softer than expected economic growth in China (see discussion) has finally spurred the PBoC into action. read on...

article imageA Buyback Boost?

Are stock buybacks the only thing keeping this bull market read on...

article imageGold Slides On Perfect Storm For Dollar

For all the anticipation surrounding the delivery of the Fed’s statement in the run-up to the September read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.