X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DEERFIELD, IL-Sales at pharmacy giant Walgreen topped $4.35 billion in November, jumping 16.2% above November 2005 in a steady climb that has marked a strong year of sales growth at the nation’s largest pharmacy chain. The company, which opened 81 stores this November, also reported a 9.3%-rise in comparable store sales for the month.

Pharmacy sales, which accounted for 64.5% of the month’s total, were up 18.2% overall and 11.4% at stores open at least a year. The number of prescriptions filled at comparable stores also increased by 7% in November with front-end same-store sales improving by 5.7%. The rise in pharmacy sales occurred despite a challenge by Wal-Mart and other chains, which recently announced that they would fill some generic prescriptions for $4.

In October, locally based Walgreen’s sales improved 18.2%, rising to $4.31 billion from $3.65 billion in the year ago period. Total pharmacy sales for October increased 21%, the company said. Comparable store sales were also up by 11.4% during October while same store sales increased 14.4%. Total prescriptions filled at comparable stores rose 9.5% in October while front-end sales in those stores increased 6.2%.

Earlier in November, Walgreen’s posted first quarter total sales of $12.71 billion, a 16.6%-increase over the previous year’s first quarter sales of $10.90 billion. Sales at comparable stores were up 9.7% during the three month period.

The company, which operates 5,580 drugstores in 47 states and Puerto Rico, recorded total sales growth of 14.3% so far this year with sales rising to $44.74 billion, up from $39.15 billion in 2005.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.