Longs Drug Stores (LDG)

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Bulls: Reasons To Buy Feeling Bullish? Be the first to explain why this would make a good investment See all Bears Reasons Bears: Reasons To Sell Sell 0% agree Sell With the current decline in the nations economy, especially in California, Longs (LDG) will find itself hard pressed to maintain profitability. It lags behind industry leaders (Walmart, CVS and Rite Aid) in size and market share. Because of it's heavy dependancy on the... read more View or Edit Reason 0 votes 0% agree Send the authors a comment or suggestion Be the first to make a suggestion See All Suggestions

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[edit] Company Overview

Longs Drug Stores operated 510 Retail Drug Stores in California, Nevada, Washington, and Hawaii as of July 10, 2008^[1]. In addition, LDG also provides pharmacy benefit management (PBM) service and medicare beneficiary prescription drug plans under the name RxAmerica. LDG's revenues increased to $1.41 billion for the quarter ended May 1st, up from $1.30 billion the previous year, a change of $110 million, or 8.5%

LDG Revenues and Operating Income^[2]

Revenue Distribution by Segment‎^[3]

[edit] Retail Drug Stores (93% of Revenues)

The retail drug stores generated $4.9 billion in the fiscal year ending January 31, 2008. The sources of revenues within this segment come from front-end products and from pharmacy products. LDG sells a wide-selection of nationally-advertised brand name and private brand merchandise, these items comprise LDGs front end sales; included in this category are over-the-counter medication, health and beauty products, photographs and photo processing, sporting goods, automotive-related products, abd health and beauty items. The pramacy product revenues come from the sale of pharmacueticals.

Sales Distribution in Retail Pharmacy Segment^[4]

[edit] Pharmacy Benefits Services; Operating under RxAmerica (7% of Revenues)

Long's also operates a Pharmacy Benefits Services under the name RxAmerica. While it accounts for less than 10% of LDG's revenues, it is important because it diversifies their business both in terms of geography and industry. RxAmerica provided prescription drug plans to about 450,000 people in the previous fiscal year in all states and the District of Columbia. The RxAmerica segment has grown rapidly from the previous year due to a growth in the existing client base and he ith revenues increasing 73.9% from 2007. new clients.^[5] [image:Revenue_PBS.bmp|thumb|350px||right|100|Revenue Distribution in RxAmerica Segment^[6]]]

[edit] Trends and Forces

[edit] Competition

The retail drug industry in which LDG operates is highly competitive. LDG competes with both local drug stores, national chains, on-line retailers, supermarkets, and mass merchandisers.

CVS (CVS)

Rite Aid (RAD)

Walgreen Company (WAG)

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 Longs Drug Stores

	Select All  |  Select None Metrics Gross Profit Revenue Net Income Generic Dispensing Rate Sales per Square Foot Square Footage % of Drug Sales Covered by Third Party Insurers Number of Perscriptions Comparable Perscription Sales Growth Comparable Front End Sales Growth Number of Stores Revenue from Perscription drugs Revenue from over the Counter Sales Revenue from Merchandise sales Front Store Sales Comparable Sales Growth Cancel

	Select All  |  Select None Companies Walgreen Company (WAG) Longs Drug Stores (LDG) Omnicare (OCR) Rite Aid (RAD) MedcoHealth Solutions (MHS) CVS Caremark Corporation (CVS) PHARMERICA CORPORATION (PMC) Cancel

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Company	Data From	Front Store Sales	Revenue from over the Counter Sales	Number of Stores	Comparable Sales Growth	Revenue from Merchandise sales	Revenue from Perscription drugs
CVS Caremark Corporation (CVS)	2007	$24.4B[7]	$9.92B[7]	6.3K[8]	5.3%[7]	$14.5B[7]	$51.9B[7]
Longs Drug Stores (LDG)	2007	$2.37B[9]	Add	510[10]	0.9%[10]	Add	$2.51B[11]
Omnicare (OCR)	2007	Add	Add	Add	Add	Add	$6.02B[12]
Rite Aid (RAD)	2007	$6.36B[13]	$3.76B[14]	3.33K[15]	3.4%[13]	$2.59B[14]	$11.2B[14]
Walgreen Company (WAG)	2007	$18.8B[16]	$5.38B[16]	6K[17]	8.1%[17]	$13.4B[16]	$34.9B[17]

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See all Drug Stores Industry WikiData

[edit] References

1. ↑ LDG Earnings Release
2. ↑ [LDG Form 10-K 2007]
3. ↑ [LDG Form 10-K 2007]
4. ↑ [LDG Form 10-K 2007]
5. ↑ [LDG Form 10-K 2007]
6. ↑ [LDG Form 10-K 2007]
7. ↑ ^{7.0 7.1 7.2 7.3 7.4} CVS,2007,10-K,Item-6,Page-22
8. ↑ CVS,2007,10-K,Item-6,Page-29
9. ↑ LDG,2007,10-K,Item-1,Page-3
10. ↑ ^{10.0 10.1} LDG,2007,10-K,Item-6,Page-34
11. ↑ LDG,2007,10-K,Item-6,Page-21
12. ↑ OCR,2007,10-K,item -8 Page-93
13. ↑ ^{13.0 13.1} RAD,2007,10-K,Item-7,Page-34
14. ↑ ^{14.0 14.1 14.2} RAD,2007,10-K,Item-1,Page-7
15. ↑ RAD,2007,10-K,Item-6,Page-30
16. ↑ ^{16.0 16.1 16.2} WAG,2007,10-K,Item-1,Page-3
17. ↑ ^{17.0 17.1 17.2} WAG,2007,10-K,Item-6,Page-na