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Walgreens reports sales for October up 6.8 percent

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DEERFIELD, Ill. Walgreens has reported that its sales for October were up 6.8 percent to $5.16 billion, up from $4.83 billion in October 2007. Same-store sales were up 2 percent, and same-store front-end sales held steady at 0.4 percent, the company said.

Walgreens’ pharmacy sales grew by 6.5 percent with comparable pharmacy sales up 2.8 percent, the company said. Walgreens said that generic drug introductions over the past year negatively affected comparable pharmacy totals by 2.2 percentage points. Prescriptions filled at comparable stores were down slightly, 0.4 percent. The company attributed this decrease to the introduction of Zyrtec as an OTC which has a negative impact of 0.6 percentage points. Overall, pharmacy sales accounted for 66.5 percent of total sales for October, Walgreens said.

The company reported that year-end sales totaled $49.5 billion, a 9.6-percent increase from $45.2 billion at the same time 2007.

Year-to-date sales for the first two months of fiscal 2009 totaled $10 billion, an increase of 8.3 percent from $9.2 billion last year. And same-store sales for the year-to-date fiscal 2009 were up 3.2 percent, the company said.

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