Walgreens Boots: reduction in annual targets

(CercleFinance.com) - On its quarterly earnings call, Walgreens Boots Alliance tightened down its target adjusted EPS range for FY 2023-24 to between $3.
20 and $3.35, compared with the previous estimate of $3.20 to $3.50. The drugstore chain justifies this revision by citing a difficult retail environment, the anticipated winding down of the sale-leaseback program and lower earnings. NB: pmt -3%, almost.

The drugstore chain justifies this revision by a difficult retail environment in the US, the anticipated winding down of the sale-leaseback program and lower earnings attributable to sales of Cencora shares".

In Q2, it incurred a loss of $6.85 per share on goodwill impairment on Village, while its adjusted EPS rose by 3.4% to $1.20, on sales that are up 6.3% to $37.1bn (+5.7% at constant exchange rates).


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