200 Wilmot Rd., Deerfield 60015; 708-940-2500
COMPANY
Founded: 1901
Year-end: Aug. 31
Employees: 62,000; 11,000 in Illinois
Foreign sales: None of $9.2 billion
Stock 365-day close:
High: $50.125
Low: $33.75
April 28: $47.00
Value of $1,000 in company stock
Purchased April 1, 1994: $1,228.14
Purchased April 1, 1990: $2.450.81
CHIEF EXECUTIVE
Charles R. Walgreen III, 59, since 1971
Cash compensation: $1,639,343 up 3 percent
Options granted in 1994: $399,393, down 3.1 percent
Options, stock appreciation rights exercised in 1994: None
Shares owned: 737,441 of 123.1 million
Numbers, numbers, numbers. The No. 1 drugstore in the country, Walgreens is on an expansion spree, with 200 outlets already opened or on target to open during fiscal 1995. It’s enjoying impressive growth in its pharmacy business, with prescription sales now comprising 43 percent of total sales, and it’s reveling in first-half figures, with earnings up 16 percent and revenues up 13 percent.
There’s even more on the plus side. The company opened a second mail-service facility, in Tempe, Ariz., a high-tech operation capable of filling 15,000 prescriptions a day. It is nearly twice the size of its 2-year-old counterpart in Orlando. With such facilities and more than 2,000 stores scattered around the country, Walgreens is quite attractive to managed health-care plans.
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The Tribune’s business reporting staff profiles the Chicago area’s Top 100 companies, based on market capitalization as of April 28, 1995.
The information in the profiles was obtained from the following sources:
– Company reports, including annual reports, public stock offering prospectuses and proxy statements.
– Interviews with company officials.
– Reports by securities analysts.
– News reports.
– Dow Jones News/Retrieval, an on-line service of Dow Jones & Co., New York.
– Bloomberg Business News, New York.
– TMS Stocks, a subsidiary of Tribune Media Services Inc., a unit of Tribune Co., Chicago.
– Morningstar Inc., Chicago.
– “First Chicago Guide,” published by Scholl Communications, Deerfield.
– “Hoover’s Handbook,” The Reference Press Inc., Austin, Texas.
Each profile includes the 365-day high, low and April 28, 1995, closing stock price for the company. Theoretical total-return investment results for shares purchased for $1,000 a year ago and five years ago also are shown. The date on which those calculations are based is April 1. The results assume reinvestment of dividends on a quarterly basis.
Each profile includes the chief executive’s cash compensation, including bonus and other compensation paid in 1994, along with the change from the prior year. The figure for the CEO’s stock holdings includes shares the CEO had the right to acquire within 60 days of the proxy statement’s issuance.
