Walgreens July Sales Decrease 3.7 Percent
Walgreens (NYSE: WAG) (NASDAQ: WAG) had July sales of $5.59 billion, a decrease of 3.7 percent from $5.81 billion for the same month in fiscal 2011. Compared with prior months during this calendar year, July sales comparisons were more significantly impacted by an increase in generic drug introductions.
Total front-end sales decreased 0.8 percent compared with the same month in 2011, while comparable store front-end sales decreased 2.4 percent. Customer traffic in comparable stores decreased 3.8 percent while basket size increased 1.4 percent.
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