Walgreen Company

Industry: Drug Stores

Fortune Rank: 32

Walgreen Company is principally engaged in the retail drugstore business. As of 8/03, WAG operated 4,224 retail drugstores and three mail service facilities in 44 states & Puerto Rico. For the FY ended 8/31/05, net sales rose 13% to $42.2B. Net income rose 16% to $1.56B. Revenues reflect higher comparable store and prescription sales and new store openings. Net income also reflects higher generic drug utilization and better purchasing terms.

Walgreen Company's primary business is the operation of retail drugstores. The Company is a drugstore chain in the United States with stores located in 44 states and Puerto Rico. During the fiscal year ended August 31, 2004 (fiscal 2004), the Company opened 436 stores. In fiscal 2004, Walgreen had 4,579 stores and three mail service facilities. To support store expansion, the Company opened four distribution centers in the past three years, the most recent in Moreno Valley, California, in fiscal 2004. In November 2003, Walgreen's pharmacy benefit manager (PBM) introduced Advantage90, a 90-day retail prescription option to mandatory mail programs.

Walgreen Company

Walgreen Company is a Fortune 500 company. In 2010 Walgreen Company was ranked number 32 on the Fortune 500 list, making it the 32nd largest company in the United States when judged by revenue.

Walgreen Company achieved revenue of $63,335.00 million in 2010 and earned a profit of $2,006.00 million.

Walgreen Company' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 32nd compared to 36th in 2009. This was based on its 2009 revenue of $59,034 million (a change of 4 million compared to 2010) and profits of $2,157 million (a change of $0 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Walgreen Company would be ranked 72nd rather than 32nd due to its profits of $2,006 in 2010.

Walgreen Company Revenue* Profit* Fortune Ranking

* US$ Million

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