Walgreen June Same-Store Sales Rise 3.4% On Extra Weekday

Walgreen Co. (WAG) said Thursday its June same-store sales rose 3.4% on a calendar shift that gave June one more weekday compared with the same month a year earlier.

The company said pharmacy patients fill more prescriptions during the week than on weekends, so the extra weekday helped boost results by 1.5 percentage points.

However, same-store front-end sales fell 0.9% from a year earlier, hurt by softer sales of seasonal items.

Same-store pharmacy sales rose 5.8%, hurt by 4.4 points because of generic-drug introductions. Same-store prescriptions filled increased 7.5%, and pharmacy sales made up two-thirds of total sales for the month.

Read Full Article from Wall Street Journal

- Posted: 2009-07-02 09:38:59

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