Walgreen's June Sales Tick Up
As with May, Walgreen was undoubtedly pleased to report a monthly rise in some of its key operating metrics. The company has released its figures for June, revealing that the company's sales were $5.79 billion, an increase of 2.5% from the $5.64 billion in the same month last year. Overall front-end (i.e., non-pharmacy goods) sales rose by 2.2%, while pharmacy sales advanced at a year-over-year rate of 2.9%.
Meanwhile, comparable-store sales rose 2.3% during the month, with front-end comps creeping up 0.8%. Comparable pharmacy sales grew by 3.3% over those of June 2012. For the second month in a row, however, customer traffic on a comparable-store basis declined, by 2.9% in this case.
The article Walgreen's June Sales Tick Up 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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