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SECURITY: WAG Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Walgreen Co. is the nation’s
largest drugstore chain with fiscal 2004 sales of $37.5 billion. The
company operates 4,738
stores in 45 states and Puerto Rico, and plans to open about 450 new stores
nationwide in fiscal
2005. Walgreens also provides additional services to pharmacy patients
and
prescription drug plans
through Walgreens Health Initiatives (a pharmacy benefits manager), Walgreens
Mail Service, Walgreens
Specialty Pharmacy and Walgreens Home Care.
http://www.walgreens.com
June
23, 2008 Walgreen Co. Reports Record Sales and Earnings in Third Quarter
2008
Net
earnings increase 2.0 percent to $572 million
Diluted
earnings per share increase to 58 cents
Total
sales increase 9.6 percent; front-end comparable store sales up 4.6 percent
Expense
dollars grow 10.0 percent while the company opens 138 new drugstores
DEERFIELD,
Ill., June 23, 2008 – Walgreens (NYSE, NASDAQ: WAG) today announced record
sales and earnings for the fiscal year 2008 third quarter and first nine
months.
Net
earnings for the quarter ended May 31 rose 2.0 percent to $572 million
or 58 cents per share (diluted), from $561 million or 56 cents per share
(diluted) in the same quarter a year ago. Walgreens recorded a LIFO provision
of $16.1 million in this year’s quarter versus a credit of $3.5 million
in last year’s third quarter. Last year’s quarter also included a $13.5
million credit from the resolution of a multiyear state tax matter.
Net
earnings for the nine months increased 4.2 percent to $1.71 billion or
$1.72 per share (diluted), versus last year’s $1.64 billion or $1.63 per
share (diluted). Last year’s nine-month earnings also benefited from the
previously mentioned lower LIFO rate and tax benefit.
"In
a challenging economy, we continued investing in our future with a relentless
focus on cost control," said Walgreens Chairman and CEO Jeffrey A. Rein.
"We posted solid results while going up against a nearly 20 percent earnings
increase in the year-ago quarter and a more robust economic environment.
At a time when Americans are searching for value and convenience, we’re
one of the retailers they’re turning to."
Walgreen
Co. January Sales Increase 16.6 Percent
DEERFIELD,
Ill., February 2, 2007 – Walgreen Co. had January sales of $4,530,410,000,
an increase of 16.6 percent from $3,885,252,000 for the same month in 2006.
Sales in comparable stores (those open at least a year) rose 10.8 percent.
January
pharmacy sales increased 18.5 percent, while comparable pharmacy sales
increased 13.1 percent. Total prescriptions filled at comparable stores
increased 8.0 percent. Pharmacy sales accounted for 66.6 percent of total
sales for the month.
Comparable
store front-end sales increased 6.6 percent during January.
Calendar
and holiday shifts accounted for a positive impact of 2.8 percentage points
on comparable pharmacy sales. Patients fill more prescriptions on weekdays
compared to weekends, and this year’s January had one additional Wednesday
and one fewer Sunday compared to January 2006.
Fiscal
year 2007 sales for the five months were $22,369,536,000, up 16.1 percent
from $19,268,734,000. Comparable store sales for the fiscal year to date
increased 9.5 percent.
Walgreens
opened 29 stores during January, including its first store in Maine, relocated
seven stores and closed two. At Jan. 31, the company operated 5,611 drugstores
in 48 states and Puerto Rico, versus 5,122 a year ago.
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