Walgreens October Sales Increase 6.9 Percent
November 05 2014 - 8:00AM
Business Wire
Walgreens (NYSE: WAG) (Nasdaq: WAG) had October sales of $6.80
billion, an increase of 6.9 percent from $6.36 billion for the same
month in fiscal 2014.
Total front-end sales increased 2.7 percent in October compared
with the same month in fiscal 2014, while comparable store
front-end sales increased 2.0 percent. Customer traffic in
comparable stores decreased 1.9 percent while basket size increased
3.9 percent.
Prescriptions filled at comparable stores increased by 3.6
percent in October and increased 4.1 percent on a calendar
day-shift adjusted basis. October 2014 had one additional Friday
and one fewer Tuesday compared with October 2013. These calendar
shifts negatively impacted prescriptions filled at comparable
stores by 0.5 percentage point. Prescriptions filled at comparable
stores were positively impacted by 0.7 percentage point due to more
flu shots versus last year.
October pharmacy sales increased by 9.9 percent. Comparable
store pharmacy sales increased 7.5 percent and increased by a
calendar day-shift adjusted 8.0 percent. Calendar day shifts
negatively impacted pharmacy sales in comparable stores by 0.5
percentage point. Calendar day-shift adjusted comparable store
pharmacy sales were negatively impacted by 1.9 percentage points
due to generic drug introductions in the last 12 months, and were
positively impacted by 0.4 percentage point due to more flu shots
versus last year. Pharmacy sales accounted for 67.3 percent of
total sales for the month.
Flu shots administered at pharmacies and clinics season to date
were more than 5.7 million versus approximately 4.9 million last
year.
Sales in comparable stores increased by 5.6 percent in October.
Calendar day shifts negatively impacted total comparable sales by
0.3 percentage point, while more flu shots versus last year
positively impacted total comparable sales by 0.3 percentage point.
Generic drug introductions in the last 12 months negatively
impacted total comparable sales by 1.3 percentage points.
Calendar 2014 year-to-date sales for the first 10 months were
$64.15 billion, an increase of 6.1 percent from $60.47 billion in
2013.
Fiscal 2015 year-to-date sales for the first two months were
$13.22 billion, up 7.7 percent from $12.28 billion in the
comparable period in fiscal 2014.
Walgreens opened 16 stores during October, including four
relocations, and closed one.
On Oct. 31, Walgreens operated 8,319 locations with a presence
in all 50 states, the District of Columbia, Puerto Rico and the
U.S. Virgin Islands. That includes 8,218 drugstores, 87 more than a
year ago, including 70 net stores acquired over the last 12 months.
The company also operates infusion and respiratory services
facilities, specialty pharmacies and mail service facilities.
Walgreens digital business includes Walgreens.com, drugstore.com,
Beauty.com, SkinStore.com and VisionDirect.com. Walgreens also
manages more than 400 Healthcare Clinic and provider practice
locations around the country.
October Comparable Sales and Prescriptions Filled
Calendar
Cough,
Flu
Shift
Cold, Flu
Shot
Generics
Actual
Impact
Impact
Impact
Impact
Total Comp Sales 5.6% -0.3% -0.1% 0.3% - 1.3% Comp Front End
2.0% - - - - Comp Rx Sales 7.5% -0.5% -0.1% 0.4% - 1.9% Comp Rx
Scripts 3.6%* -0.5% -0.1% 0.7% -
* Includes +1.1 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, as amended, 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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