Walgreens Releases May Sales

Walgreen WAG released its sales figures for the month of May before the market open Wednesday morning.

Following the release the company shares were trading up slightly (~0.25 percent). The following bullets are highlights from the release.

Walgreen's May Sales

• Sales of $6.57 billion, an increase of 6.0 percent from $6.19 billion for the same month in fiscal 2013.
• Comparable store front-end sales increased 2.6 percent.
• Prescriptions filled at comparable stores increased by 3.5 percent in May and increased 5.6 percent on a calendar day-shift adjusted basis.
• May pharmacy sales increased by 7.9 percent.
• Comparable store pharmacy sales increased 5.5 percent and increased by a calendar day-shift adjusted 7.6 percent.
• Sales in comparable stores increased by 4.4 percent in May.
• Total sales for the third quarter of fiscal 2014, which ended May 31, were $19.49 billion, up 6.5 percent from $18.65 billion in last year's quarter.
• Fiscal 2014 year-to-date sales for the first nine months were $57.42 billion, an increase of 5.8 percent from $54.28 billion in fiscal 2013.
• Walgreens opened eight stores during May, including one relocation, acquired one and closed 23.