Lets cut and past the IMPORTANT parts of the article I read
"Analysts expected, on average, that total revenue from Walgreen's established stores would grow 2.8 percent last month, according to Thomson Reuters. "
""Results seem to dispel the theory crafted in March that underlying momentum may be slowly improving," the analyst wrote."
"An increase in generic equivalents to brand-name medicines has hurt revenue for drugstores because generics cost less than their brand-name counterparts." Contrary to aceypooh, generics have nothing to do with top line REVENUE.
"Walgreen has said a business split with Express Scripts Holding Co., the nation's largest pharmacy benefits manager, hurt its performance in April 2012" Drop in RX count, will look into the % when I want, but will get, and see if the loss from last year even with the gain this year gets them back to break even compared to 2011.
"Shares of Walgreen fell 64 cents" Investors sure were tickled pink at the climb in RX.
Wow!, and revenue only grew what, 4.7%, its all about revenue I thought aceypooh. not that I would espect a reply since its (according to you, all about revenue). Front end fell 4.3%.
Now also, last April saw an exodus from pharmacy on the ES problem, so the 9.7% takes into count those customer lost, so was up from a negative, say Aprill 2012 had 1,000 RX, then comes April 2012, the ES debacle cost what 10% maybe more maybe less, I don't know don't follow WAG. Say 8% loss. So, in 2012, the had 920 RX count. Now up 9.7% in April 2013, so, they just ahead of where they were 2 tears ago.
Front end drop is what bothers me though, its all about the top line. Maybe WAG should dump everything but the pharmacy.