InvestorsHub Logo
Followers 135
Posts 18008
Boards Moderated 8
Alias Born 05/28/2009

Re: None

Tuesday, 11/04/2014 10:02:27 AM

Tuesday, November 04, 2014 10:02:27 AM

Post# of 3161
Bullish Outlook for WAG in recent SA article:

The September Rush

With fiscal year 2014 coming to a close, the month of September for FY 2015 reported phenomenal increases in sales. Sales for the month registered a 9.4% increase and were reported at $6.48 billion. Comparable store sales increased by 7.9% during the month. Total front end sales registered a 2.2% increase, while comparable front end sales witnessed a 1.7% increase.

Pharmacy sales contributed about 67.8% to the total sales of the company, and these sales alone increased by 14.2% for the month. With this in mind, it seems evident that sales are picking up the momentum as the new fiscal year has begun. If sales continue to increase at the same rate, or better, then significant improvements in top line growth could be registered in Q1 FY 2015

........

With a consensus target of $70.82 set for the shares, the target definitely does not seem too farfetched. Shares currently trade around the $65 benchmark. Share price erosion, to a large extent, is not expected for the future and prices are likely to remain bullish as the company is likely to announce good results for Q1 FY 2015.


http://seekingalpha.com/article/2584095-bullish-outlook-for-walgreen
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent WBA News