Walgreens Boots: Q1 EPS up 46%

(CercleFinance.com) - Walgreens Boots Alliance has published Q1 EPS of 1.
18 dollar, up 45.7%. Adjusted EPS rose by 14.1% to 1.46 dollar, despite operating profit that is down 4.1% at 1.7 billion dollars.

The drugstore chain saw its sales rise by 9.9% to 33.8 billion dollars (+11.4% at constant exchange rates), growth supported by the integration of Rite Aid stores.

The company maintains its target for FY adjusted EPS that is up 7%-to-12% at constant exchange rates, and announces the launch of a transformation program, aiming to make annual cost savings of over 1 billion dollars by the end of the third year.

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