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Walgreens Boots: Q2 EPS above estimates

(CercleFinance.com) - Walgreens Boots Alliance has reported Q2 adjusted EPS that is down 7.
3% at 1.52 dollar (to end-February), albeit beating the consensus by six cents, while its adjusted operating profit fell by 12% to 1.7 billion dollars.

The Illinois-based drugstore chain posted a 3.7% increase in revenues to 35.8 billion dollars (+4.1% at constant exchange rates), including 2.7% sales growth at comparable stores for its retail pharmacy business in the US.

The group was on track to maintain its annual target of adjusted EPS that is stable overall, at constant exchange rates, before the Covid-19 pandemic struck, however, its uncertain impact should lead it to update its forecasts when it unveils its next quarterly results.



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