Walgreen June Sales Rise 4.8%, Topping Estimates

By Andria Cheng

NEW YORK (MarketWatch) — Walgreen Co. said Wednesday that its June same-store sales rose 4.8%. Analysts surveyed by FactSet estimated the drugstore chain to post a 2.8% increase. Comparable results included a 4.7% increase in non-pharmacy front end sales, helped by gains in both customer traffic and ticket per transaction. Comparable pharmacy sales rose 4.9%. Total sales climbed 6.8% to $6.04 billion.Walgreen had 8,184 locations as of June 30. Its shares were up slightly in premarket trading.

COMVEST Properties is proud of Walgreen’s success and of our contributions to that success by identifing desirable markets and building quality stores in the South. Visit www.COMVEST.net for more information about our development history with Walgreens and other outstanding retailers.

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