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.

Same-store sales for the drug store chain rose 2.8%, including a 3.6% rise in comparable front-end sales -- the highest increase the chain realized in 14 months -- and a 2.2% rise in comparable pharmacy sales.

During the month of December, Walgreens opened three stores, including one relocation, and acquired three stores.

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.

Same-store sales for the drug store chain rose 2.8%, including a 3.6% rise in comparable front-end sales -- the highest increase the chain realized in 14 months -- and a 2.2% rise in comparable pharmacy sales.

During the month of December, Walgreens opened three stores, including one relocation, and acquired three stores.

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