Walgreen Sees Dip in February Sales

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Walgreen has reported a sales slump in its February metrics. For the month, the company's sales came in at $5.75 billion, a dip of 2.2% from the $5.88 billion the company posted in the same month in 2012. Overall front-end (i.e., non-pharmacy) sales declined 3.1% over that time.

The results are somewhat distorted by the fact that 2012 was a leap year, providing an extra day in February 2012. When adjusted for that fact, overall sales recorded an annual gain of 1.5% and the front-end number was flat.

Comparable store sales dropped 3.7% on a year-over-year basis this past February. When adjusted for the extra day of 2012's month, that number narrows to a drop of 0.6%.

The article Walgreen Sees Dip in February Sales originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Walgreen. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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