Revolutionizing Retail and Healthcare: 23+ Mind-Blowing Walgreens Statistics, Facts & Trends You Must See

 

Walgreens is one of the largest and most recognizable pharmacy chains in the United States, with over 9,000 stores across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Walgreens offers a wide range of products and services, including prescriptions, health and wellness products, beauty products, photo services, and convenience items. 

Walgreens also operates subsidiaries and joint ventures, such as AllianceRx Walgreens Prime, a speciality and home delivery pharmacy; Walgreens Boots Alliance Development GmbH, a global pharmaceutical wholesale and distribution network; and VillageMD, a primary care provider network.

This article will explore some of the most interesting and relevant statistics, facts and trends about Walgreens based on the latest available data from various sources. We will cover Walgreens' revenue, earnings, store count, market share, customer demographics, online presence, COVID-19 impact, and future plans.

Walgreens Revenue

• According to its fiscal 2023 second-quarter results, Walgreens reported sales of $34.9 billion, an increase of 3.3% year-over-year, or 4.5% on a constant currency basis.

• Walgreens' net earnings for the second quarter were $537 million, a decrease of 20.3% year-over-year, or 19.2% on a constant currency basis.

• Walgreens' adjusted earnings per share (EPS) for the second quarter were $1.16, a decrease of 27.2% year-over-year, or 25.8% on a constant currency basis.

• Walgreens' revenue for fiscal 2022 was $139.5 billion, an increase of 11.6% year-over-year, or 10.7% on a constant currency basis.

• Walgreens' net earnings for fiscal 2022 were $456 million, a decrease of 88.5% year-over-year, or 88.6% on a constant currency basis.

• Walgreens' adjusted EPS for fiscal 2022 were $4.74, a decrease of 20.1% year-over-year, or 19.8% on a constant currency basis.

• Walgreens' revenue for fiscal 2021 was $125 billion, a decrease of 1.6% year-over-year or 0.4% on a constant currency basis.

• Walgreens' net earnings for fiscal 2021 were $3.982 billion, an increase of 0.8% year-over-year or 1.7% on a constant currency basis.

• Walgreens' adjusted EPS for fiscal 2021 were $5.93, an increase of 0.7% year-over-year or 1.6% on a constant currency basis.

Walgreens Store Count

• As of February 28, 2023, Walgreens had 9,021 stores across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

• As of November 30, 2022, Walgreens had 9,021 stores across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

• As of August 31, 2022, Walgreens had 9,021 stores in operation across all 50 states,
• the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

• As of May 31, 2022, Walgreens had 9 022 stores across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

• As of February 28, 2022, Walgreens had 9 021 stores operating across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Walgreens Market Share 

• According to IQVIA data cited by Walgreens in its fiscal 2023 second quarter results presentation, Walgreens had a retail prescription market share of 21% in the U.S. as of February 2023, up from 20 .8 % in November 2022 and 20 .6 % in August 2022.

• According to Drug Channels Institute, Walgreens ranked second among the top pharmacy chains in the U.S. by prescription revenues in the calendar year 2021, with $63 .4 billion, behind CVS Health with $109 .8 billion and ahead of Walmart with $29.2 billion.

Walgreens Customer Demographics

• According to Statista, as of March 2021, around 45.9% of Walgreens' customers in the United States were 55 years and older.

• According to YouGov data cited by Morning Consult, as of August 2021, Walgreens was the second most popular pharmacy chain among U.S. adults aged 18 to 29, behind CVS Health.

Walgreens Online Presence

• According to SimilarWeb data for February 2023, Walgreens.com had an average monthly traffic of 69.6 million, making it the fourth most visited retail website in the United States.

• According to eMarketer, Walgreens is projected to generate $8.85 billion in e-commerce sales in 2022, representing a 36.2% increase from 2021.

Walgreens COVID-19 Impact

• According to its fiscal 2023 second-quarter results, Walgreens administered over 10 million COVID-19 vaccinations in the United States as of February 2023.

• According to its fiscal 2022 fourth quarter and full year results, Walgreens saw a negative impact on foot traffic and sales due to the pandemic, particularly in the first half of the fiscal year.

• According to a survey by McKinsey & Company conducted in February 2021, Walgreens was one of the top three most trusted retailers for COVID-19 vaccine distribution among survey respondents in the United States.

Walgreens Future Plans

Health & Wellness Trends:

Walgreens predicts 10 Health & Wellness Trends for 2023, including stress relief and stronger immune systems. They expect customers and patients to seek ways to pursue joyful, healthy lives in the new year.

International Business: 

Walgreens expects strong growth for its international business in Q2. This is primarily led by a strong Christmas season for Boots in the UK.

Covid-19 Vaccinations: 

The administration of Covid-19 vaccinations is expected to be lower in Q2, likely resulting in a revenue decline for the quarter. However, the company should still benefit from growth in the international segment.

Conclusion:

These statistics, facts, and trends demonstrate Walgreens' continued growth and adaptability in a rapidly changing retail and healthcare landscape. With its strong market share, expanding online presence, and commitment to innovation and customer service, Walgreens is poised to remain a major player in the industry for years.