Also during the quarter, Walgreen closed and relocated 119stores. The retailer will close or relocate 400 units next year."Our store expansion program is taking advantage of the largerprescription market while growth in the drugstore industry overallis rather stagnant," said Rick Hans, the company's director offinance, during a recorded earnings call.
First-quarter same-store sales at Walgreen drugstores were up9.7% year over year. There was a 11.9% jump in pharmacy sales,while transactions in non-pharmacy departments rose 5.8%.
Total sales during the quarter shot up 16.6%, to $12.7 billion,and the company's earnings were $432 million, up from $346 millionin the same year-ago period. Prescriptions made up 65.7% of thechain's total transactions.
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