Here are three things to know about the retail giant’s financial results for the three months ended Feb. 28.
1. While Walgreens’ retail sales fell 0.7 percent in the second quarter compared to a year prior, Walgreens saw overall sales grow 12.1 percent to $33 billion.
2. The company’s pharmacy division, which reflected 70.3 percent of sales in the quarter, grew 18.7 percent year over year. Walgreens attributed the increase to higher prescription volume, helped by AllianceRx Walgreens Prime, which is Walgreens’ partnership with Prime Therapeutics. Walgreens’ acquisition of 1,542 Rite Aid stores also led to increased pharmacy sales.
3. Walgreens ended the second quarter of 2018 with GAAP operating income of $2 billion, up 33.9 percent from the same period a year prior.
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