Walgreens June sales up 8.9% to $6.3 billion
DEERFIELD, Ill. — Walgreens on Thursday reported June sales of $6.3 billion, an increase of 8.9% as compared to the same month in fiscal 2013.
Total front-end sales increased 1.8% in June compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.3%. Customer traffic in comparable stores decreased 2% while basket size increased 3.3%.
Prescriptions filled at comparable stores increased by 7.3% in June and increased 4.7% on a calendar day-shift adjusted basis. June 2014 had one additional Monday and one fewer Saturday compared with June 2013. These calendar shifts positively impacted prescriptions filled at comparable stores by 260 basis points.
June pharmacy sales increased by 13.4%. Comparable store pharmacy sales increased 11.3% and increased by a calendar day-shift adjusted 8.7%. Calendar day-shift adjusted comparable store pharmacy sales were negatively impacted by 140 basis points due to generic drug introductions in the last 12 months. Pharmacy sales accounted for 65.2% of total sales for the month.
Sales in comparable stores increased by 7.5% in June. Calendar day shifts positively impacted total comparable sales by 170 basis points. Generic drug introductions in the last 12 months negatively impacted total comparable sales by 90 basis points.
Calendar 2014 year-to-date sales for the first six months were $38.1 billion, an increase of 5.9%. Fiscal 2014 year-to-date sales for the first 10 months were $63.7 billion, an increase of 6%.
Walgreens opened 15 stores during June, including three relocations, and closed 13. Nearly all of the June store closings were part of the company's previously announced efforts to optimize its asset base by closing a total of 76 drug stores.