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Walgreen Reports Record First Quarter

December 30, 2013
by Candy & Snack TODAY

Deerfield, IL — First-quarter sales for Walgreen Co. reached a record $18.3 billion, a 5.9 percent year-on-year gain, the company reports.

Comparable store front-end sales rose 2.4 percent during the quarter, while traffic rose 0.2 percent and basket size increased 2.2 percent, Walgreens reports.

During the quarter the company also opened or converted 87 stores to its Well Experience format, completed its acquisition of certain assets of Kerr Drug, Inc. and opened in Evanston, IL, the first net-zero-energy retail store, Walgreens reports.

Company President and CEO Greg Wasson says: “In the second quarter, we will be taking further steps to balance front-end sales and margins. We will continue our sharp focus on expense management as we address the challenging environment, and we expect to realize the synergies from our strategic partnership consistent with our previously stated goals.” 

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