-
Coming off strong Q1, Walgreens' Dec. sales grow
DEERFIELD, Ill. - Shortly after announcing a record-setting first quarter last month, Walgreens reported that its December sales rose 7.5% to $6.8 billion.
The chain said that Duane Reade stores, which Walgreens acquired in April 2010, contributed 2.5 percentage points.
Meanwhile, Walgreens also raked in a 9.5% increase for its total front-end sales, thanks to a spike in customer traffic and basket size. Pharmacy sales for the chain, which accounted for 58.6% of total sales for the month, saw a 6% boost.
-
Walgreens profit jumps 18.8%, topping estimates
Deerfield, Ill. -- Walgreens said Wednesday that its profit jumped 18.8% in the fiscal first quarter on a mix of better pricing and generic drug sales.
The chain said its profit rose to $580 million, exceeding estimates. Revenue rose 6% to $17.34 billion. The company's 2011 fiscal first quarter ended Nov. 30.
Overall same-store sale sales rose 0.8% during the quarter, with front-end same-store sales rising 0.4% and pharmacy same-store sales rising 0.9%.