Walgreens Boots Alliance: shares up after guidance raised

(CercleFinance.com) - US drugstore Walgreens Boots Alliance delivered the highest sales growth in two years in its second quarter, raising its guidance for FY 2018.


The retailer - which recently finished acquiring stores from Rite Aid - said net earnings increased to 1.3 billion dollars, up 27.3% y-o-y.

Sales in the quarter to 28 February reached 33 billion dollars, up 12.1% y-o-y.

The shares are currently up 1.6% early-morning trading on Wednesday at over 67 dollars, after Walgreens raised the lower and upper ends of its guidance for fiscal 2018, now expecting adjusted diluted net EPS of between 5.85 dollars and 6.05 dollars.


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