Walgreens Level 5 Unit 5
Unit 5 Individual Project
Presented in Partial Fulfillment
Of the Requirements for the Class
ACG320 Financial Accounting
By
DeLaura B. Todd
AIU Online
20 September 2006 Walgreens Pharmacy
Historical Highlights In 1901 Charles R. Walgreen Sr. purchased the Chicago drugstore he had been working in as a pharmacist. In 1916 nine stores incorporated as Walgreen Co. By 1927 the Walgreen Co. stock went public. In 1946 Walgreens acquired its first foreign property when the company bought out a Mexican retailer. In 1950 Walgreens started self-service instead of clerk service stores in the Midwest and by 1953 was the largest self-service retailer in the country. In 1960 Walgreens went to market in Puerto Rico. In 1975 Walgreens reached $100 million in sales. Walgreens has been an innovator in many things like child resistant drug containers, the first Intercom computers, next-day photofinishing, and installation of point-of-sales scanning to speed checkouts. Walgreens also offered drive-through pharmacy, and Intercom Plus, an advanced computer system to speed the prescription filling process. By 1999 Walgreens.com, a comprehensive online pharmacy, began offering …show more content…
This company has paid a dividend in every quarter since 1933 and has raised the dividend for 31 consecutive years. According to the 10-year Walgreen stock performance, "on June 30, 1996, 100 shares of Walgreen stock sold for $6,704. 10 years later, on June 30, 2006; those hundred shares, having split three times, were 800 shares worth $35,872 for a gain of 435%." (Unknown, 2006) Walgreens has declared seven (7) two-for-one stock splits since 1980. Walgreens has excellent credit rating. Moody's rates Walgreens long-term debt Aa3 and short-term debt P-1. Standard & Poor's rates Walgreens long-term debt A+ and short-term debt A-1. According to the Walgreen information available this company is basically
Presented in Partial Fulfillment
Of the Requirements for the Class
ACG320 Financial Accounting
By
DeLaura B. Todd
AIU Online
20 September 2006 Walgreens Pharmacy
Historical Highlights In 1901 Charles R. Walgreen Sr. purchased the Chicago drugstore he had been working in as a pharmacist. In 1916 nine stores incorporated as Walgreen Co. By 1927 the Walgreen Co. stock went public. In 1946 Walgreens acquired its first foreign property when the company bought out a Mexican retailer. In 1950 Walgreens started self-service instead of clerk service stores in the Midwest and by 1953 was the largest self-service retailer in the country. In 1960 Walgreens went to market in Puerto Rico. In 1975 Walgreens reached $100 million in sales. Walgreens has been an innovator in many things like child resistant drug containers, the first Intercom computers, next-day photofinishing, and installation of point-of-sales scanning to speed checkouts. Walgreens also offered drive-through pharmacy, and Intercom Plus, an advanced computer system to speed the prescription filling process. By 1999 Walgreens.com, a comprehensive online pharmacy, began offering …show more content…
This company has paid a dividend in every quarter since 1933 and has raised the dividend for 31 consecutive years. According to the 10-year Walgreen stock performance, "on June 30, 1996, 100 shares of Walgreen stock sold for $6,704. 10 years later, on June 30, 2006; those hundred shares, having split three times, were 800 shares worth $35,872 for a gain of 435%." (Unknown, 2006) Walgreens has declared seven (7) two-for-one stock splits since 1980. Walgreens has excellent credit rating. Moody's rates Walgreens long-term debt Aa3 and short-term debt P-1. Standard & Poor's rates Walgreens long-term debt A+ and short-term debt A-1. According to the Walgreen information available this company is basically