Content about Walgreen Co.

August 5, 2014

Same-store sales at Walgreen Co. rose 5.2% in July.

Deerfield, Ill. – Same-store sales at Walgreen Co. rose 5.2% in July. Walgreens had July sales of $6.39 billion, an increase of 6.1% from $6.02 billion for the same month in fiscal 2013.

Total front-end sales increased 1.4% in July compared with the same month in fiscal 2013, while same-store front-end sales increased 1.1%. Same-store customer traffic decreased 2.6% while basket size increased 3.7%.

 

June 24, 2014

A 16% year-over-year jump in third quarter profit still missed Wall Street estimates, causing Walgreen Co. to withdraw previously issued fiscal 2016 guidance.

Deerfield Park, Ill. – A 16% year-over-year jump in third quarter profit still missed Wall Street estimates, causing Walgreen Co. to withdraw previously issued fiscal 2016 guidance. During the third quarter of fiscal 2015, Walgreen reported net earnings of $722 million, up 16% from $624 million in the same period the previous fiscal year.

May 5, 2014

Walgreen Co. said that its same-store sales rose 7.6% in April, boosted by Easter-driven growth in front-end sales.

Deerfield, Ill. -- Walgreen Co. said that its same-store sales rose 7.6% in April, boosted by Easter-driven growth in front-end sales.

The company’s total sales rose 8.8% to $6.49 billion in the month of April, up from $5.96 billion in the same period of last year. Pharmacy sales accounted for 64.5% of total sales for April.

April 4, 2014

Walgreen Co. has signed a definitive agreement with Water Street Healthcare Partners, a strategic investor focused exclusively on the healthcare industry, in which Water Street will acquire a majority interest in Take Care Employer Solutions LLC.

Deerfield, Ill. -- Walgreen Co. has signed a definitive agreement with Water Street Healthcare Partners, a strategic investor focused exclusively on the healthcare industry, in which Water Street will acquire a majority interest in Take Care Employer Solutions LLC.

February 4, 2014

Walgreen Co. is reportedly suing CVS Caremark Corp., Rite Aid Corp. and Shopko Stores Inc. for allegedly infringing on a patent for using mobile phone scanners to refill prescriptions.

Deerfield Park, Ill. – Walgreen Co. is reportedly suing CVS Caremark Corp., Rite Aid Corp. and Shopko Stores Inc. for allegedly infringing on a patent for using mobile phone scanners to refill prescriptions. According to Bloomberg, Walgreens filed a complaint in federal court in Wilmington, Del., saying the three competitors are violating a patent it received in January 2013.

December 20, 2013

Walgreen Co. reported a healthy 68% surge in net earnings during the first quarter of fiscal 2014 to $695 million from $413 million in the same period a year earlier.

Deerfield Park, Ill. – Walgreen Co. reported a healthy 68% surge in net earnings during the first quarter of fiscal 2014 to $695 million from $413 million in the same period a year earlier.

Net sales rose about 6%, to $18.3 billion from $17.3 billion, while same-store sales grew 5.4%.

December 4, 2013

Walgreen Co. said Wednesday that sales for the first quarter rose 6% to $18.35 billion, from $17.32 billion in the same quarter a year earlier.

Deerfield, Ill. -- Walgreen Co. said Wednesday that sales for the first quarter rose 6% to $18.35 billion, from $17.32 billion in the same quarter a year earlier.  

Same-store sales increased 5.5% for the quarter. November sales totaled $6.07 billion, up 4.1% from $5.83 billion a year earlier.

The retailer attributed sales spikes to increased investment in promotional strategies.

November 8, 2013

Walgreen Co. has completed its acquisition of certain assets of Kerr Drug’s retail drugstores and specialty pharmacy business.

Deerfield, Ill. – Walgreen Co. has completed its acquisition of certain assets of Kerr Drug’s retail drugstores and specialty pharmacy business. Financial terms of the agreement were not disclosed.

October 1, 2013

Net earnings for Walgreen Co. soared in both the fourth quarter and full fiscal year 2013.

Deerfield, Ill. – Net earnings for Walgreen Co. soared in both the fourth quarter and full fiscal year 2013. Net earnings during the fourth quarter totaled $657 million, an 86.4% increase from $353 million in the same quarter a year ago, while net earnings for the full year rose 15.2% to $2.5 billion, from $2.1 billion.

August 28, 2013

Walgreen Co. and Orlando Health, a comprehensive not-for-profit health care organization based in Orlando, Fla., today announced a clinical collaboration that will provide coordinated and expanded healthcare services in central Florida.

Deerfield, Ill. - Walgreen Co. and Orlando Health, a comprehensive not-for-profit health care organization based in Orlando, Fla., today announced a clinical collaboration that will provide coordinated and expanded healthcare services in central Florida.

April 4, 2013

Walgreen Co. said Thursday that its in-store Take Care Clinics have expanded the scope of healthcare services offered beyond treating minor ailments like sinus infections to include assessment, treatment and management for chronic conditions such as hypertension, diabetes, high cholesterol, asthma and others, as well as additional preventive health services.

Deerfield, Ill. -- Walgreen Co. said Thursday that its in-store Take Care Clinics have expanded the scope of healthcare services offered beyond treating minor ailments like sinus infections to include assessment, treatment and management for chronic conditions such as hypertension, diabetes, high cholesterol, asthma and others, as well as additional preventive health services.

The new services are now available at the more than 330 Take Care Clinics located at select Walgreens (excludes clinics in Missouri).

February 8, 2013

Everybody loves a turnaround story. RadioShack is betting that the now-former president of daily living products and solutions for Walgreens, Joe Magnacca, will help author a turnaround story of its own for the small-box consumer electronics retailer.

Everybody loves a turnaround story. RadioShack is betting that the now-former president of daily living products and solutions for Walgreens, Joe Magnacca, will help author a turnaround story of its own for the small-box consumer electronics retailer.

December 5, 2012

Walgreen Co. reported that sales for November dipped 3.9% to $5.85 billion, compared with $6.09 billion for the same month in fiscal 2012.

Deerfield, Ill. -- Walgreen Co. reported Wednesday that sales for November dipped 3.9% to $5.85 billion, compared with $6.09 billion for the same month in fiscal 2012.

Total front-end sales decreased 0.3% and same-store front-end sales decreased 1.7%.

Walgreens opened 39 stores during November, including 10 relocations and closed one.

 

September 17, 2012

Swiss drugstore chain Alliance Boots said it has acquired a 12% stake in Chinese pharmaceutical wholesaler Nanjing Pharmaceutical Co. for $88.5 million.

Zug, Switzerland -- Swiss drugstore chain Alliance Boots said Monday it has acquired a 12% stake in Chinese pharmaceutical wholesaler Nanjing Pharmaceutical Co. for $88.5 million.

The deal follows Walgreen Co.’s $7 billion investment in Alliance Boots in a move to expand into China.

Alliance Boots runs the largest drugstore chain in the United Kingdom.

Walgreen’s initial plan is to acquire about 45% of Alliance Boots with an option to buy the rest of the company in three years.

 

September 6, 2012

Walgreen Co. reported that same-store sales for the month of August slid 8.2%.

Deerfield, Ill. -- Walgreen Co. reported Thursday that same-store sales for the month of August slid 8.2%. The report came on the heels of Wednesday’s announcement that Tricare would not reinstate the drug retailer into the pharmacies approved to fill prescriptions.

August 22, 2012

Greenway Medical Technologies Inc. has entered into a deal with Walgreen Co. whereby the drug store chain will use Greenway’s electronic health records in all of its stores.

New York -- Greenway Medical Technologies Inc. has entered into a deal with Walgreen Co. whereby the drug store chain will use Greenway’s electronic health records in all of its stores.

Greenway said its records will allow Walgreen pharmacists to view a customer's entire prescription profile and health testing and immunization history even if the customer received those services at other Walgreen stores.

The service will be rolled out at all Walgreen stores by the end of next summer.

 

August 3, 2012

Walgreen Co. said that its same-store sales fell 7% in July as its split with Express Scripts continued to hurt its top line.

Deerfield, Ill. -- Walgreen Co. said that its same-store sales fell 7% in July as its split with Express Scripts continued to hurt its top line. (The two companies last month reached an agreement to resume doing business, but that doesn't start until Sept. 15.)

The company's pharmacy same-store sales were down 9.7%, while front end sales fell 2.4%. The performance missed analyst expectations.
 

July 5, 2012

Walgreens Co. has entered into an agreement to acquire Stephen L. LaFrance Holdings Inc., the owner and operator of the USA Drug chain, for about $438 million, gaining stores in several Southern states.

Deerfield, Ill. -- Walgreens Co. has entered into an agreement to acquire Stephen L. LaFrance Holdings Inc., the owner and operator of the USA Drug chain, for about $438 million, gaining stores in several Southern states. The acquisition comes on the heels of Walgreens’ announcement that it was buying a 45% stake in Alliance Boots GmbH for $6.7 billion last month to expand globally.

June 19, 2012

Walgreen Co. said it will pay $6.7 billion for a 45% stake in European health and beauty retailer Alliance Boots, which is based in Nottingham, England, with an option to buy the rest of the company in about three years.

New York -- Walgreen Co. said Tuesday it will pay $6.7 billion for a 45% stake in European health and beauty retailer Alliance Boots, which is based in Nottingham, England, with an option to buy the rest of the company in about three years. It is the first international venture and biggest deal ever for the U.S. chain.

May 3, 2012

Walgreen Co. said that same-store sales slipped a worse-than-expected 6.4% in April, largely due to its split with pharmacy benefits manager Express Scripts Inc.

New York -- Walgreen Co. said Thursday that same-store sales slipped a worse-than-expected 6.4% in April, largely due to its split with pharmacy benefits manager Express Scripts Inc.

For April, Walgreens’ same-store pharmacy sales were down 8.9%. Front-end sales fell 2.2%

At April 30, Walgreens operated 8,307 locations in all 50 states, the District of Columbia, Puerto Rico and Guam

January 5, 2012

Walgreen Co. said that its same-store sales increased 0.4 percent in December, beating analysts' estimates for a decline of 0.1%.

New York City -- Walgreen Co. said Thursday that its same-store sales increased 0.4 percent in December, beating analysts' estimates for a decline of 0.1%.

Front-end sales were up 0.6%. Same-store pharmacy sales, which make up nearly 60% of total sales, rose 0.2%. Walgreen said those sales were hurt by more launches of generic drugs, as well as a milder season for coughs, colds and the flu.

Rite Aid Corp. said Thursday its December same-store sales rose 3.6%, boosted by higher pharmacy sales.

December 21, 2011

Walgreen Co. reported that profit for the quarter ended Nov. 30 dropped 4.5% to $554 million, compared with $580 million in the year-ago period.

Deerfield, Ill. -- Walgreen Co. reported Wednesday that profit for the quarter ended Nov. 30 dropped 4.5% to $554 million, compared with $580 million in the year-ago period. The drugstore operator cited a slow flu season and the decision to leave Express Scripts pharmacy network among the reasons for the performance dip.

Revenue for the quarter climbed 4.7% to $18.16 billion – a chain sales record – but missed Wall Street’s forecasted $18.24 billion in revenue. Total same-store sales rose 2.5%; front-end comps increased 2.4%.

October 11, 2011

Walgreen Co. said it has added two executives to its pharmacy, health and wellness division.

Deerfield, Ill. -- Walgreen Co. said Tuesday it has added two executives to its pharmacy, health and wellness division.

Dr. Jeffrey Kang will join the company on Oct. 31 as senior VP health and wellness services and solutions.

In addition, Mike Ellis has joined Walgreens as VP specialty pharmacy and infusion.

Most recently, Kang was chief medical officer at CIGNA. Ellis has served as senior VP specialty trade relations and contracting and pharmaceutical services for CVS Caremark.

October 5, 2011

Walgreen Co. said Wednesday that its sales increased 5.4% in September, to $5.95 billion from $5.65 billion in the year-ago period.

Deerfield, Ill. -- Walgreen Co. said Wednesday that its sales increased 5.4% in September, to $5.95 billion from $5.65 billion in the year-ago period.

Pharmacy revenue rose 4.6%, while front end sales were up 5.1%.

Same-store sales rose 3.1%. Wall Street analysts were expecting growth of 4.6%.
 

September 27, 2011

Walgreen Co. reported Tuesday that profit for its fiscal fourth quarter surged 69%, in part due to gains from the $525 million sale of its pharmacy benefits management business Walgreens Health Initiatives during the quarter.

Deerfield, Ill. -- Walgreen Co. reported Tuesday that profit for its fiscal fourth quarter surged 69%, in part due to gains from the $525 million sale of its pharmacy benefits management business Walgreens Health Initiatives during the quarter.

Net income for the quarter ended Aug. 31 rose to $792 million, up from $470 million in the year-ago period and surpassing Wall Street expectations.

Revenue rose 6.5% to $18 billion and same-store sales increased 4.4%.