Walgreen’s June Comps Rise 2.5% (WAG)
Drugstore chain, Walgreen Company (WAG) reported that June sales rose 2.5% to $5.79 billion from $5.64 billion in June 2012.
Total front end sales for June rose by 2.2%, while comparable store front end sales increased by 0.8%. Although basket size increased by 3.7%, customer traffic fell by 2.9%.
Prescriptions filled rose by 5% in June and rose 7.3% on a calender shift basis, which negatively affected sales.
Pharmacy sales rose by 2.9%, while comparable store pharmacy sales rose by 3.3%. Sales increased by 5.6% on a calender shift adjusted basis.
Year-to-date sales totalled $59.91 billion, down 0.5% from $60.20 billion last year.
Walgreen’s reported that its Balance® Rewards loyalty program totaled 75 million in June.
Walgreen shares were down 46, or 1.03% during pre-market trading Wednesday. The stock is up 20% YTD.
The Bottom Line
Shares of Walgreen Company (WAG) have a 2.47% yield based on Tuesday’s closing price of $44.46.
Walgreen Company (WAG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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