Walgreens November Sales Increase 4%

Drugstore chain Walgreens (Nasdaq: WAG ) announced Wednesday, Dec. 4, that total sales for the month of November rose 4.1 percent from last year. The company reported earnings of $6.07 billion for the month, compared to $5.83 billion in the same period of 2012.

Walgreens, which operates 8,677 stores, also saw comp-store sales growth of 3.2 percent year over year. According to the earnings statement, calendar day shifts negatively impacted total same-store sales by 1.5 percentage points.

The sales increases are due in part to more traffic in stores along with more items being purchased per transaction. Footfall in comparable stores increased 0.8 percent while basket size increased 1.1 percent. The company noted that flu shots administered at pharmacies and clinics season-to-date surged to more than 6.1 million from about 4.6 million last year.

Sales were strong in both the front-end and pharmacy sections of Walgreens stores, with total front-end sales in November rising 3.2 percent and sales at pharmacy counters growing 4.7 percent.

The strong November earnings continue Walgreens' strong October growth, when the retailer had sales of $6.37 billion, an increase of 6.1 percent from $6.0 billion for the same month last year.

For more see:
This Walgreens press release

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