Walgreens April Sales Increase 8.8 Percent
May 05 2014 - 8:00AM
Business Wire
Walgreens (NYSE: WAG) (Nasdaq: WAG) had April sales of $6.49
billion, an increase of 8.8 percent from $5.96 billion for the same
month in fiscal 2013.
Total front-end sales increased 8.8 percent in April compared
with the same month in fiscal 2013, while comparable store
front-end sales increased 8.2 percent. Customer traffic in
comparable stores increased 2.6 percent while basket size increased
5.6 percent. These results benefitted from a later Easter this
year, which fell on April 20 compared with March 31 last year.
For the combined March/April period that includes the Easter
holiday season impact, comparable store front-end sales increased
by 2.1 percent, while customer traffic in comparable stores
decreased 0.9 percent and basket size increased 3.0 percent.
Prescriptions filled at comparable stores increased by 3.5
percent in April and increased 4.3 percent on a calendar day-shift
adjusted basis. April 2014 had one additional Wednesday and one
fewer Monday compared with April 2013. These calendar shifts
negatively impacted prescriptions filled at comparable stores by
0.8 percentage point.
April pharmacy sales increased by 9.2 percent. Comparable store
pharmacy sales increased 7.3 percent and increased by a calendar
day-shift adjusted 8.1 percent. Calendar day shifts negatively
impacted pharmacy sales in comparable stores by 0.8 percentage
point. Calendar day-shift adjusted comparable store pharmacy sales
were negatively impacted by 1.3 percentage points due to generic
drug introductions in the last 12 months. Pharmacy sales accounted
for 64.5 percent of total sales for the month.
Sales in comparable stores increased by 7.6 percent in April.
Calendar day shifts negatively impacted total comparable sales by
0.5 percentage point. Generic drug introductions in the last 12
months negatively impacted total comparable sales by 0.8 percentage
point.
Sales for the combined months of March and April 2014 increased
6.6 percent from the same two months in 2013. Comparable store
sales for the March/April period increased 5.5 percent.
Calendar 2014 year-to-date sales for the first four months were
$25.36 billion, an increase of 5.4 percent from $24.05 billion in
2013.
Fiscal 2014 year-to-date sales for the first eight months were
$50.88 billion, an increase of 5.8 percent from $48.08 billion in
fiscal 2013.
Walgreens opened eight stores during April, including two
relocations, acquired six and closed two.
On April 30, Walgreens operated 8,699 locations in all 50
states, the District of Columbia, Puerto Rico, Guam and the U.S.
Virgin Islands. That includes 8,231 drugstores, 145 more than a
year ago, including 69 net stores acquired over the last 12 months.
The company also operates infusion and respiratory services
facilities, specialty pharmacies and mail service facilities. Its
Take Care Health Systems subsidiary manages more than 750 in-store
convenient care clinics and worksite health and wellness
centers.
April Comparable Sales and Prescriptions Filled
Actual
CalendarShiftImpact
GenericsImpact
Cough,Cold,
FluImpact
Total Comp Sales 7.6 % -0.5 % - 0.8 % - 0.1 % Comp Front End
8.2 % - - - Comp Rx Sales 7.3 % -0.8 % - 1.3 % - 0.2 % Comp Rx
Scripts 3.5%* -0.8 % - 0.1 %
* Includes +1.8 percentage points from patients filling more
90-day prescriptions
Please note: Sales numbers and the adjustments shown in the
table are preliminary, unaudited and subject to revision.
Comparable stores are defined as those drugstore locations open for
at least 12 consecutive months without closure for seven or more
consecutive days and without a major remodel or a natural disaster
in the past 12 months. Acquired operating locations and relocations
are not included as comparable stores for the first 12 months after
the acquisition or relocation.
Cautionary Note Regarding Forward-Looking Statements: Statements
in this release that are not historical are forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Words such as
"expect," “likely,” "outlook," “forecast,” "would," "could,"
"should," “can,” “will,” "project," "intend," "plan," "goal,”
“target,” “continue," "sustain," “synergy,” "on track," "believe,"
"seek," "estimate," "anticipate," "may," “possible,” "assume," and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements are not guarantees of future performance and involve
risks, assumptions and uncertainties, including, but not limited
to, those described in Item 1A (Risk Factors) of our most recent
Annual Report on Form 10-K, which is incorporated herein by
reference, and in other documents that we file or furnish with the
Securities and Exchange Commission. Should one or more of these
risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those indicated or anticipated by such forward-looking
statements. Accordingly, you are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date they are made. Except to the extent required by law,
Walgreens does not undertake, and expressly disclaims, any duty or
obligation to update publicly any forward-looking statement after
the date of this release, whether as a result of new information,
future events, changes in assumptions or otherwise.
WalgreensMedia contact:Emily Hartwig, 847-315-3316orInvestor
contacts:Rick Hans, CFA, 847-315-2385Ashish Kohli, CFA,
847-315-3810http://news.walgreens.com@WalgreensNewsfacebook.com/Walgreens
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