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WAG Australian Wealth Advisors Group Ltd

0.305
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Australian Wealth Advisors Group Ltd ASX:WAG Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.305 0.275 0.34 0.00 07:00:11

Walgreen June Same-Store Sales Rise 3.4% On Extra Weekday

02/07/2009 1:47pm

Dow Jones News


Australian Wealth Advisors (ASX:WAG)
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   DOW JONES NEWSWIRES 
 

Walgreen Co. (WAG) said Thursday its June same-store sales rose 3.4% on a calendar shift that gave June one more weekday compared with the same month a year earlier.

The company said pharmacy patients fill more prescriptions during the week than on weekends, so the extra weekday helped boost results by 1.5 percentage points.

However, same-store front-end sales fell 0.9% from a year earlier, hurt by softer sales of seasonal items.

Same-store pharmacy sales rose 5.8%, hurt by 4.4 points because of generic-drug introductions. Same-store prescriptions filled increased 7.5%, and pharmacy sales made up two-thirds of total sales for the month.

Walgreen is struggling to bounce back from a recent trend of retail weakness for the nation's No. 2 drugstore chain by store count after CVS Caremark Corp. (CVS).

Total sales for June rose 9% to $5.24 billion.

Walgreen's shares closed Wednesday at $29.34 and haven't traded premarket.

-By Kerry Grace Benn, Dow Jones Newswires; 212-416-2353; kerry.benn@dowjones.com

 
 

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