Walgreens 2006 Annual Report Download - page 2

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About the Cover
Walgreens is growing with the Sanchez family
of Los Lunas, New Mexico, who represent four
generations of Walgreen customers. On our
cover, Nancy Sanchez Chavez
(left)
stands next
to her granddaughter Andrea Guile, holding
great-granddaughter Kalea Guile. Nancy’s
daughter-in-law, Loraine Sanchez
(second from
right)
, is flanked by her two children, Andrea and
Estevan Sanchez. Nancy’s son, Donald Sanchez,
is at the top of the smaller photo shown at left.
2006 Highlights
•Walgreens is one of the fastest growing retailers in
the United States and continues to lead the chain
drugstore industry in sales and profits.
•We opened 476 net new stores for a total of 5,461
Walgreens in 47 states and Puerto Rico.
•We filled 529 million prescriptions – 15.4 percent
of the U.S. retail market. Pharmacy is more than
64 percent of our business.
•Our drugstores serve 4.7 million customers daily
and average $8.5 million in annual sales per store.
That’s $761 per square foot, among the highest
in the drugstore industry.
•Walgreens has 195,000 employees and we added
approximately 16,000 jobs in fiscal 2006.
•This is the 31st consecutive year we’ve raised our
quarterly dividend, which we’ve paid every quarter
since 1933.
•On August 31, 1996, 100 shares of Walgreen stock
sold for $3,288. Ten years later, on August 31, 2006,
those 100 shares, having split twice, were 400 shares
worth $19,784, for a gain of 502 percent.
•We rank No. 1 among food and drug stores on
Fortune magazine’s Most Admired Companies in
America list, and 45th on the Fortune 500 list of
the largest U.S.-based companies.
Walgreens Mission Statement
We will treat each other with respect and dignity
and do the same for all we serve.
We will offer employees of all backgrounds a place to build careers.
We will provide the most convenient access
to healthcare services and consumer goods in America.
We will earn the trust of our customers and
build shareholder value.