Walgreen's May Sales Rise
Walgreen saw its May results flower. For the month, the company's sales were $6.22 billion, a rise of more than 4% from the $5.97 billion the company posted in May of last year. Overall front-end (i.e., non-pharmacy goods) sales also rose on an annual basis, by 3.4%, while pharmacy sales grew at a rate of 4.4%.
Comparable-store sales advanced 2.8% during the month when matched against those of May 2012. Front-end comps edged up by 1.2% over that time frame. Comparable pharmacy sales grew by 3.8% over May 2012's figure. Customer traffic on a comparable-store basis, however, recorded a 3.5% decline.
The article Walgreen's May Sales Rise originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Walgreen. Nor does The Motley Fool. 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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