We expect a net increase in our store count in fiscal 2014 of approximately 55-75 stores.
In fiscal 2013, we opened a total of 198 new locations and acquired 152 locations, for a net increase of 197 after relocations and closings.
The average size for a typical Walgreens is about 14,500 square feet and the sales floor averages about 11,000 square feet.
There are several factors that we take into account, such as major intersections, traffic patterns, demographics and locations near hospitals. We prepare more than 100 pages of research for every site under construction.
We filled 821 million prescriptions in fiscal 2013.
We employ 240,000 people.
Each store provides about 18,000 different items.
As of June 30, 2014, Walgreens operated 8,215 drugstores. In addition to its drugstores, Walgreens also operates infusion and respiratory services facilities, specialty pharmacies and mail service facilities. Its Take Care Health Systems subsidiary manages more than 400 in-store convenient care clinics.
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Walgreens leads the chain drugstore industry in sales and profit.
Our fiscal 2014 fourth quarter earnings will be announced September 30, 2014.
Walgreens Annual Shareholders' Meeting is held each year on the second Wednesday in January.
Our fiscal year ends on August 31.
Moody's rates Walgreens long-term debt Baa2 and short-term debt Prime 2. Standard & Poor's rates Walgreens long-term debt BBB and short-term debt A-2.
Walgreens has declared seven two-for-one stock splits since 1980. Visit Walgreens stock split history