2011 Annual Report
defines what we want customers to experience.
• Walgreens is the nation’s largest drugstore chain, with
fiscal 2011 sales of $72.2 billion and record profit of $2.7 billion. The Company has 247,000 employees.
• This is the Company’s 37th consecutive year of record • The Company returned $2.4 billionto shareholders
sales. It’s also the 36th consecutive year Walgreens has raised its quarterly dividend – paid every quarter since 1933.
through dividends and share repurchases in fiscal 2011, and announced its largest dividend increase ever of 28.6 percent in July, as well as a new $2 billion share repurchase program. 2011 – one in five retail prescriptions in America. Pharmacy is 65percent of the Company’s business. delivered 6.4 million flu shots last year as the Company continued to serve as the country’s No. 1 provider of flu shots other than the federal government.
• Walgreens filled a record 819 million prescriptions in fiscal • Advancing its leadership in providing flu shots, Walgreens
Live well by finding value, fun and solutions for their daily needs.Stay well by finding the right products for health and daily living. Get well when they feel ill.
• To expand the role Walgreens plays in health care, the
Company established important new alliances with top health systems, including Johns Hopkins Medical Center, Ochsner Health System and Louisiana State University, to enhance coordinated care to patients. or open 5,500 Walgreens storeswith its new “Customer Centric Retailing” format, which offers customers a more targeted product assortment, better sight lines and new décor packages.
• The Company completed its goal set in 2009 to convert
• Walgreens completed its acquisition of drugstore.com,
extending its multi-channel reach to an additional 3 million online customers, forging relationships with new vendorsand partners and adding approximately 60,000 health, personal care and beauty products to its online offering. at least 1,000 “food oasis” stores over the next five years to address the need for greater access to healthy foods in underserved communities across the country, building on its successful 12-store pilot in Chicago.
• The Company announced plans to open or convert
Aboutthe Cover Alana Bowman and her daughter Sadie in Brandon, Mississippi, enjoy their time together at a local playground. “As a single mom with a full-time career, I’m always looking for ways to save time and money,” she says. Taking advantage of the multiple ways she can access Walgreens, Alana shops Walgreens.com, drugstore.com and Beauty.com websites to find great values on productsshe regularly uses, like shampoo, cosmetics and contact lens solution. She also visits her local Walgreens for family needs such as prescriptions, school supplies and over-the-counter medications.
• The Company exceeded its “Rewiring for Growth” cost
reduction goal of $1 billion in annual savings, concluding its three-year restructuring and cost-saving initiative launched in 2008.Most Admired Companies list for the 18th consecutive year, and was ranked 32nd on the Fortune 500 list of the largest U.S.-based companies.
• Walgreens was named to Fortune magazine’s World’s
For the years ended August 31, 2011 and 2010 (In millions, except per share amounts)
Net Sales Net Earnings (1) Net Earnings per Common Share (diluted) (1)Shareholders’ Equity Return on Average Shareholders’ Equity Closing Stock Price per Common Share Total Market Value of Common Stock Dividends Declared per Common Share Average Shares Outstanding (diluted)
2011 $72,184 $ 2,714 $ 2.94 $14,847 18.6% $ 35.21 $ 31,312 $ .7500 924
2010 $ 67,420 $ 2,091 $ 2.12 $ 14,400 14.5% $ 26.88 $ 25,230 $ .5875 988...