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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.