Walgreens generated cumulative stock returns from 1965 to 2000 that exceeded the market by over 15 times. It was a remarkable performance from what many might think of as a boring company. However, this performance earned this company #1 good to great company in “Good to Great”.
They did this with relentless dedication to what the author callls a hedgehog concept. “the best most convenient drugstores with high profit per customer visit.” (Jim Collins, “Good To Great”)