Walgreens Boots: EPS down 23% in Q1

(CercleFinance.com) - Walgreens Boots Alliance reports adjusted EPS of $0.
51 for Q1 2024 that is down 23.4% at constant exchange rates, on revenues of $39.5bn, up 6.9% excluding currency effects.

The drugstore chain explained the drop in EPS by a decline in US retail sales and gains on sale-leasebacks in the previous year, partly offset by cost savings and growth in US healthcare.

While our turnaround will take time, our early progress reinforces our belief in a sustainable retail pharmacy-led operating model, according to CEO Tim Wentworth, who confirms that he expects annual adjusted EPS of between $1.40 and $1.80.


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