Walgreens October Sales Up 6.9%
Walgreen Company (NYSE: WAG) on Wednesday reported October sales of $6.80 billion, an increase of 6.9 percent from $6.36 billion for the same month in fiscal 2014.
According to the company’s press release, sales in comparable stores increased by 5.6 percent in October and sales were also above the $6.48 billion reported for September.
The trend of decreasing customer traffic with increased basket size continued in October as comparable store traffic decreased 1.9 percent while basket size increased 3.9 percent.
Total front-end sales increased 2.7 percent in October compared with the same month in fiscal 2014, while comparable store front-end sales increased 2.0 percent.
October pharmacy sales increased by 9.9 percent. Comparable store pharmacy sales increased 7.5 percent and increased by a calendar day-shift adjusted 8.0 percent.
Prescriptions filled at comparable stores increased by 3.6 percent in October and increased 4.1 percent on a calendar day-shift adjusted basis.
Calendar 2014 year-to-date sales for the first 10 months were $64.15 billion, an increase of 6.1 percent from $60.47 billion in 2013.
Walgreens opened 16 stores during October, including four relocations, and closed one.
Walgreen traded at $65.01 in the premarket, down 0.35 percent.
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