Walgreens July Comps Up 5.2% - Quick Facts

(RTTNews) - Walgreens (WAG) reported that its comparable stores sales for the month of July 2014 increased by 5.2 percent. Calendar day shifts negatively impacted total comparable sales by 0.4 percentage point. Generic drug introductions in the last 12 months negatively impacted total comparable sales by 1.1 percentage points.

Monthly sales were $6.39 billion, an increase of 6.1 percent from $6.02 billion for the same month in fiscal 2013.

Total front-end sales increased 1.4 percent in July compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.1 percent. Customer traffic in comparable stores decreased 2.6 percent while basket size increased 3.7 percent.

Prescriptions filled at comparable stores increased by 3.7 percent in July and increased 4.3 percent on a calendar day-shift adjusted basis. July 2014 had one additional Thursday and one fewer Monday compared with July 2013. The company stated that the calendar shifts negatively impacted prescriptions filled at comparable stores by 0.6 percentage point. July pharmacy sales increased by 9.5 percent. Comparable store pharmacy sales increased 7.6 percent and increased by a calendar day-shift adjusted 8.2 percent. Calendar day shifts negatively impacted pharmacy sales in comparable stores by 0.6 percentage point. Calendar day-shift adjusted comparable store pharmacy sales were negatively impacted by 1.7 percentage points due to generic drug introductions in the last 12 months.