Walgreens Boots: raises target EPS for 2020-21
(CercleFinance.com) - On the back of a better-than-expected quarter, Walgreens Boots Alliance now expects “to mid-to-high single digit growth” in constant currency adjusted EPS for FY 2020-21 (and no longer low single-digit growth).
The drugstore chain has reported adjusted EPS from continuing operations that is down 10.1% at 1.26 dollar for its second accounting quarter (-10.8% excluding FX factors), reflecting an estimated negative impact of 40 to 45 cents per share relating to the Covid-19 crisis.
Adjusted operating profit fell by 22.5% to 1.2 billion dollars, on revenues that rose 4.6% to 32.8 billion dollars, including 3.5% growth excluding FX factors, in particular helped by its joint venture in Germany.
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The drugstore chain has reported adjusted EPS from continuing operations that is down 10.1% at 1.26 dollar for its second accounting quarter (-10.8% excluding FX factors), reflecting an estimated negative impact of 40 to 45 cents per share relating to the Covid-19 crisis.
Adjusted operating profit fell by 22.5% to 1.2 billion dollars, on revenues that rose 4.6% to 32.8 billion dollars, including 3.5% growth excluding FX factors, in particular helped by its joint venture in Germany.
Copyright (c) 2021 CercleFinance.com. All rights reserved.