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 story : Walgreens beats Street views but sees sharp profit decline #FinanceUSA #StockMarketNEWS Walgreens Boots Alliance Inc. reported third-fiscal-quarter net income totaling 9 million, or 33 cents per

@stockMarketNEWS Fri 01 Jul, 2022

Posted in: #FinanceUSA #StockMarketNEWS

Walgreens beats Street views but sees sharp profit decline #FinanceUSA #StockMarketNEWS
Walgreens Boots Alliance Inc. reported third-fiscal-quarter net income totaling 9 million, or 33 cents per share, down from .197 billion, or .38 per share, last year. Adjusted EPS of 96 cents beat the FactSet consensus of 92 cents. Sales of .6 billion were down from .03 billion a year before and ahead of the FactSet consensus for .06 billion. U.S. comparable retail sales were up 2.4%, excluding tobacco. Walgreens administered 4.7 million COVID-19 vaccines and 3.9 million tests during the quarter. The Walgreens Health segment of the business, which includes VillageMD, a primary healthcare company, saw a 65% pro forma sales increase year-over-year. Walgreens announced this week that, after a strategic review, it will keep the Boots business. Walgreens continues to forecast full-year adjusted EPS growth at a low-single-digits percentage. The FactSet consensus calls for EPS of .04, implying an increase of 2.6%. Walgreens stock fell 1.6% in Thursday premarket trading and is down 21.6% to date in 2022. The S&P 500 index is down nearly 20% on the year.


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