Walgreens Boots: cuts EPS target

(CercleFinance.com) - When its published its Q2 results, Walgreens Boots Alliance says that it is now expecting adjusted EPS to be stable overall at constant exchange rates in 2018-19, against previously expected EPS growth of between 7% and 12%.


Over the past quarter, the drugstore chain posted EPS that is down 8.3% at 1.24 dollar. Adjusted EPS fell by 4.3%, excluding FX factors, to 1.64 dollar, eight cents short of the consensus.

Adjusted operating profit fell by 10.4% to 1.9 billion dollars, on sales that are up 4.6% at 34.5 billion dollars (+6.7% at constant exchange rates), with the integration of Rite Aid stores.


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