Walgreens Q2 sales rise 5.2%

Deerfield Park, Ill. – Total sales for the second quarter of fiscal 2014 at Walgreens were $19.61 billion, up 5.2% from $18.65 billion in the same quarter in the prior year. Same-store sales for the second quarter of fiscal 2014 increased 4.5%, while front-end same-store sales for the quarter increased 2%. Prescriptions filled at same stores increased 2.4% in the second quarter and same-store pharmacy sales increased 6.1%.

Severe winter weather is estimated to have negatively impacted second quarter same-store front-end sales by 0.6 percentage point and negatively impacted the quarter’s prescriptions filled at comparable stores by 0.8 percentage point. Additionally, the company incurred incremental selling, general and administrative expenses throughout the quarter from the severe weather

In addition, Walgreens had February 2014 sales of $6.05 billion, an increase of 5% from $5.76 billion for the same month in fiscal 2013. Same-store sales grew 4.5%.Total front-end sales increased 3% compared with the same month in fiscal 2013, while same-store front-end sales increased 2% Customer traffic in same stores decreased 0.7% while basket size increased 2.7%.

Walgreens opened eight stores during February, including five relocations. On Feb. 28, 2014, Walgreens operated 8,681 locations in all 50 states, the District of Columbia, Puerto Rico, Guam and the U.S. Virgin Islands.


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