Content about Ed Kelly

May 3, 2013
April sales up 3.8% across Walgreens

Walgreens on Friday posted April sales of $6 billion, an increase of 3.8% as compared to the same month in fiscal 2012.

April 3, 2013
Walgreens reports March sales increase of 2.3%

Walgreens reported March sales of $6.2 billion, an increase of 2.3%.

March 5, 2013
Flu impact on February sales negligible, Walgreens reports

Walgreens' February sales fell short of analyst projections due to a sharper impact from generic drug introductions.

January 9, 2013
Report: Severe flu expected to drive increased pharmacy trips, same-store sales

The rocketing incidence of flu has been characterized as the most severe in at least a decade, and it's only going to get worse. Or better, depending upon your perspective.

December 7, 2012
Focus on the loyalty card as the definitive barometer of pharmacy success, not won/lost ESI patients

Walgreens last Wednesday reported November sales of $5.9 billion, a decrease of 3.9% versus the same period last year.

December 5, 2012
WAG posts 3.9% November sales decline, but 38 million new loyalty members bodes well for future

Walgreens reported November sales of $5.9 billion, a decrease of 3.9% versus the same period last year.

November 29, 2012
Kroger 3Q earnings don't disappoint as food retailer posts 36th consecutive same-store sales growth

Kroger remained one of the few outperforming supermarket operators Thursday morning as the grocer exceeded analyst consensus adjusted earnings per diluted share by 3 cents with 46 cents per share.

October 31, 2012
Wall Street: Hurricane Sandy may have whipped up front-end sales prior to coming ashore

Hurricane Sandy may have shut down lower Manhattan for a few days, but research analyst Ed Kelly of Credit Suisse was bullish on how the storm system may have whipped up front-end sales for pharmacy operators.

September 28, 2012
Walgreens all systems go for 2013; reports 4Q, annual sales

Fiscal 2012 is now in Walgreens' rearview mirror as the company looks ahead toward 2013 with its foot on the accelerator

July 30, 2012
Supervalu names new president, CEO

Supervalu on Monday named Wayne Sales, a Canadian hall-of-fame-caliber retailer, as the company's president and CEO, replacing Craig Herkert.

July 12, 2012
Supervalu announces number of stabilization measures with first-quarter earnings

Supervalu on Thursday announced a number of dramatic measures to stabilize its business — reduction in capital spending, suspension of the company's dividend, even the exploration of possible strategic alternatives — in conjunction with its declining first-quarter earnings results.

April 13, 2012
Market speculates a Safeway sale; analyst suggests not likely

Trading of Safeway shares on Nasdaq were up almost 75 cents in late morning trading on speculation that Safeway soon may be up for sale.

February 3, 2012
Express Scripts issue, a no-show flu season a drag on Walgreens' comps

The impact of the failed Express Scripts negotiations on Walgreens' sales has been significant to date, as evidenced by Walgreens' January sales release issued Friday.

January 5, 2012
Walgreens December sales reported against an Express Scripts backdrop

Walgreens on Thursday reported an approximate 150 basis-point negative impact on prescriptions filled based on prescription transfers, and other trend analysis of prescriptions managed by Express Scripts, as the chain posted its first monthly earnings statement following the discontinuation of Walgreens' relationship with Express Scripts.

January 3, 2012
Credit Suisse: December drug channel comps will be lackluster

Retailers will report weak December front-end sales growth across the drug channel as continued inflation likely was offset by the slow start to the flu season and disappointing overall traffic and volume growth, Credit Suisse research analyst Ed Kelly suggested in a note published Tuesday.

September 9, 2011
Customer still economy-sensitive, Kroger suggests with positive Q2

Trips are up, but baskets are down, Kroger reported Friday morning, along with positive second-quarter results. Gas sales also are up with the decline in fuel prices, which is an item Kroger continues to use as a stickiness factor with its loyalty card program.

August 3, 2011
Walgreens reports positive July sales

Walgreens on Wednesday reported July sales of $5.82 billion, an increase of 4.7%.

July 26, 2011
Credit Suisse: Total basket up 2.7% year over year; highest rate of price inflation in two years

Financial services firm Credit Suisse tabulated total basket increases of 2.7% year over year and 1% month over month for retail.

July 6, 2011
WAG's June sales beat analyst expectations

Walgreens’ stock was trading up 30 cents to $43.03 on the New York Stock Exchange mid-morning on Wednesday thanks to favorable same-store sales growth of 4.8% for the month of June versus an analyst consensus estimate of 2.8%.

June 22, 2011
Walgreens discontinues negotiations; PBM Express Scripts shocked

After Walgreens made its contract dispute with Express Scripts public on Tuesday morning, the pharmacy benefit manager stated it is open to continued negotiations with Walgreens.

April 15, 2011
Credit Suisse: Rising gas prices may rev drug engine

Drug stores may be best positioned to navigate any headwinds whipped up by rising fuel costs and may even benefit from them, a Credit Suisse analysis published Friday found.

April 14, 2011
Supervalu turnaround on track

Supervalu on Thursday reported better-than-expected results with an earnings per share of 44 cents, which was 10 cents above analyst consensus of 34 cents.

March 4, 2011
Gas price hike could damper retailer-consumer relationship

Analysts already are speculating dire outcomes if the price of a gallon of gas eclipses $5 this summer on account of Middle East turmoil today. Any additional strains on the supply chain system, such as increased operational costs as high as 20%, would only make matters worse.

February 10, 2011
Credit Suisse bullish on supermarket pharmacy

This year’s upcoming $29 billion wave of margin-friendly generic pharmaceuticals will be as big a growth catalyst for supermarket pharmacies as it will be for their pureplay drug store cousins, Credit Suisse research analyst Ed Kelly stated in a note published Thursday.

August 2, 2010
Rite Aid's stock no longer in compliance with NYSE

Rite Aid on Tuesday announced that the New York Stock Exchange has notified the company...

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