Walgreens' February sales increased 1.5% to US$5.86B as comparable-store sales fell 4.6%
March 5, 2012
– Walgreens (NYSE: WAG) (NASDAQ: WAG) had February sales of $5.86 billion, an increase of 1.5 percent from $5.77 billion for the same month in fiscal 2011. This year’s total February sales benefited from one extra day because of leap year. All comparable store sales and prescription figures below compare the first 28 days in February 2012 to the 28 days in February 2011.
Total front-end sales increased 6.9 percent compared with the same month in 2011, while comparable store front-end sales increased 2.0 percent. Customer traffic in comparable stores decreased 0.2 percent while basket size increased 2.2 percent.
Prescriptions filled at comparable stores decreased 9.5 percent in February. Lower incidence of flu negatively impacted comparable store prescriptions filled by 1.2 percentage points. The negative impact on comparable store prescriptions filled due to no longer being part of the Express Scripts, Inc. pharmacy network was 10.7 percentage points. Prescriptions processed by Express Scripts comprised 12.6 percent of Walgreens prescriptions in February 2011.
February pharmacy sales decreased 1.4 percent, while comparable store pharmacy sales decreased 8.6 percent. Comparable store pharmacy sales were negatively impacted by 2.2 percentage points due to generic drug introductions in the last 12 months, by 2.4 percentage points due to lower incidence of cough, cold and flu and by 10.6 percentage points due to no longer being part of the Express Scripts network. Pharmacy sales accounted for 61.6 percent of total sales for the month.
Sales in comparable stores decreased by 4.6 percent.
Flu shots administered at pharmacies and clinics season-to-date were 5.5 million versus 6.3 million last year.
Total sales for the second quarter of fiscal 2012 were $18.63 billion, up 0.7 percent from $18.50 billion in the second quarter of fiscal 2011. Fiscal 2012 year-to-date sales for the first six months were $36.79 billion, up 2.6 percent from $35.85 billion in the comparable period in fiscal 2011.
Calendar year-to-date sales were $11.64 billion, a decrease of 0.6 percent from $11.71 billion in 2011.
Walgreens opened 10 stores during February, including one relocation, and acquired one.
At Feb. 29, Walgreens operated 8,290 locations in all 50 states, the District of Columbia, Puerto Rico and Guam. That includes 7,840 drugstores, 151 more than a year ago, including 19 stores acquired over the last 12 months. The company also operates home care facilities and specialty and mail service pharmacies. Its Take Care Health Systems subsidiary manages more than 700 in-store convenient care clinics and worksite health and wellness centers.
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