Walgreen reports February SSS down 0.6%, total February sales $5.75B

theflyonthewall.com

Walgreens had February sales of $5.75B, a decrease of 2.2% from $5.88B for the same month in fiscal 2012. Excluding last February’s leap day, this year’s February sales increased 1.5%. Total front-end sales decreased 3.1% compared with the same month in fiscal 2012, and were flat when excluding last February’s leap day. Comparable store front-end sales decreased 1.4%, while customer traffic in comparable stores decreased 4.9% and basket size increased 3.5%. Sales in comparable stores decreased by 0.6% in February. Generic drug introductions in the last 12 months negatively impacted total comparable sales by 3.7 percentage points.

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