Annual Report(Walgreens)

Walgreens’ Annual Report

AAA

ACC/290

July 4, 2012

Professor AAA

Walgreens’ Annual Report

Walgreens is one of the country’s most known stores that provide services including filling prescriptions, processing photos, and last-minute shopping items. Looking over Walgreens’ annual report, it is noted that each fiscal year Walgreens has improved in its net sales and net earnings. Walgreens has also accomplished record breaking sales in prescriptions filled within a fiscal year in 2011("Walgreens Annual Report," 2011). According to "Walgreens Annual Report" (2011), "Walgreens was named to Fortune magazine’s World’s 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” (2011 Milestones). Throughout the fiscal year of 2011, Walgreens has accomplished many goals set for the company and has continued to increase their net revenue for the last three annual reporting periods.

Each fiscal year for Walgreens ends August 31, 2011, and according to ("Walgreens Annual Report," 2011) from 2010 to 2011, Walgreens’ net shares increased by 7.1%. In 2009, the net sales for Walgreens’ were 63,335 million. In 2010, the net sales were 67,420 million and in 2011 the net sales were 72,184 million. Each year Walgreens has had an increase in their net sales or revenue. In lieu of the increase of net sales each year, Walgreens’ net earnings has also increased yearly. In 2009, the total net earnings were 2,006 million. In 2010, the net earnings were 2,091 million and in 2011 the net earnings were 2,714 million. The difference or change in net income or net earnings from 2009 to 2010 was 85 million and the change in net income from 2010 to 2011 was 623 million, which is more than triple the amount of income increased from 2009 to 2010. Walgreens’ has continued to enhance the customer experience and by doing so has improved their company sales and profits.

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