Walgreens’ monthly sales rise
DEERFIELD, Ill. One of the nation’s largest drug store chains reported a near 6% increase in its monthly sales, compared with the year-ago period.
Walgreens said it garnered sales of $5.68 billion for the month of April, from $5.36 billion for the same month in 2009. The company’s Duane Reade acquisition, which closed April 9, contributed 2.2 percentage points to the total sales increase, although Duane Reade stores are not included in any comparable-store results.
Sales in comparable stores (those open at least a year) decreased 0.2%. April comparable-store sales were negatively impacted by approximately 0.7 percentage point due to an earlier Easter this year compared with an April Easter last year– a similar effect was seen on comparable-store front-end sales, which dropped 2.6%. In addition, April comparable-store sales were positively impacted by 0.2 percentage point due to calendar day shifts.
Meanwhile, pharmacy sales at Walgreens were positively impacted by an increase of 90-day prescriptions (2.6% increase in prescriptions filled at comparable stores) and this year’s calendar day shifts. While pharmacy sales accounted for 65.4% of total sales for the month, sales increased 6% and comparable-pharmacy sales increased 1%, despite the lower incidence of flu negatively impacting prescriptions filled by 1.4 percentage points.
The drug store chain also added that total front-end sales increased 4.9% for the month as well.
Calendar year-to-date sales were $22.14 billion, an increase of 4.5% from $21.19 billion in 2009. Fiscal 2010 year-to-date sales for the first eight months were $44.84 billion, up 6.1% from $42.25 billion.
Walgreens opened 25 stores during April, including four relocations, acquired 262 (including 258 Duane Reade drug stores) and closed one. At April 30, Walgreens operated 8,001 locations in all 50 states, the District of Columbia, Puerto Rico and Guam. That includes 7,507 drug stores, 724 more than a year ago, including 323 stores acquired over the last 12 months.
Publix sees positive numbers for Q1
LAKELAND, Fla. Publix’s first-quarter sales and same-store sales increased 2.1% and 0.9%, respectively, from the year-ago period, the Florida-based retailer announced.
Sales for first quarter 2010 totaled $6.5 billion, while net earnings for the quarter increased 13.3% to $364.4 million, compared with $321.5 million in 2009. Earnings per share also rose in 2010 to 47 cents, from 41 cents last year.
Effective May 1, Publix’s stock price increased from $17.35 per share to $18.50 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.
“I’m proud of all the Publix associates who have worked hard to continue delivering premier customer service in these difficult times,” said Publix CEO Ed Crenshaw. “Our improved operating performance is a result of their hard work and dedication.”
Dollar General donates supplies to flood victims
GOODLETTSVILLE, Tenn. Discount retailer Dollar General is making merchandise donations to the American Red Cross to aid flood victims in three states.
The company is donating a variety of supplies to flood victims in Tennessee, Mississippi and Kentucky, including personal hygiene products, socks, underwear and diapers. Additionally, Dollar General is donating cleaning supplies to the Second Harvest Food Bank. The discount retailer also is asking customers and employees for help in aiding these citizens through http://www.redcross.org/.
“Dollar General is dedicated to helping our friends and neighbors recover from this disaster,” said Rick Dreiling, Dollar General’s chairman and CEO. “These much-needed supplies will aid flood victims as they work to rebuild their lives. Our thoughts are with those who have been affected, and we are committed to helping these communities recover quickly.”