NEW YORK (TheStreet) -- Walgreen (WAG) shares are climbing, up 4.05% to $74.49, on Wednesday after the company reported a 4.4% increase in revenue from established stores in May.
The company reported that the number of customers visiting Walgreen stores fell by less than a percentage point, but the amount of money spent in the store increased by 3.1%.
Sales for the month increased 6% from a year ago to $6.57 million.
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TheStreet Ratings team rates WALGREEN CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate WALGREEN CO (WAG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."