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published in Blogs
Jun 30, 2022
Walgreens Boots Alliance (WBA, $40.87) tops fiscal Q3 earnings expectations

Walgreens Boots Alliance (WBA, $40.87) tops fiscal Q3 earnings expectations

Walgreens Boots Alliance  reported a decrease in earnings per share to 33 cents in the fiscal third quarter, compared with $1.38 in the year-ago quarter.  Adjusted earnings per share came in at 96 cents, surpassing analysts’ expectations of 92 cents per share.

The pharmacy retail company’s sales from continuing operations decreased -4.2 percent from the year-ago quarter to $32.6 billion. The company reported a $683 million charge related to its opioid settlement with the State of Florida in the current quarter.

In the U.K., Boots’ comparable sales climbed +24 percent, indicating  some recovery in footfall, although store footfall remains around 20 percent below pre-Covid levels.

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