The drugstore industry is highly competitive. Prescription sales continue to become a larger portion of the company's business. The long-term outlook for prescription sales is strong due in part to the aging population, the introduction of lower priced generics and the continued development of innovative drugs that improve quality of life and control healthcare costs.
Front-end sales have continued to grow due to strengthening core categories, such as over-the-counter non-prescription drugs, beauty care and personal care products. Walgreens strong name recognition continues to drive private brand sales, which are included in these core categories
We continue to expand into new markets and increase penetration in existing markets.
Operating Statistics
Percentage Increases
Fiscal Year 2007 2006 2005
Net Sales 13.4 12.3 12.5
Net Earnings 16.6 12.3 15.5
Comparable ...