Walgreens: Q1 adjusted EPS down 11%

(CercleFinance.com) - Walgreens Boots Alliance has reported Q1 2020-21 adjusted EPS that is down 11.
2% at 1.22 dollar (-11.6% excluding FX factors), reflecting an estimated negative impact of 26 to 30 cents per share due to Covid-19.

Adjusted operating profit fell by 9.9% to 1.3 billion dollars, although sales rose by 5.7% to 36.3 billion dollars, including a 3.7% increase in sales at constant stores for retail pharmacies in the United States.

On the strength of this first quarter, which is deemed better than expected, the Illinois-based drugstore chain confirms that it expects low single-digit growth in adjusted EPS growth at constant exchange rates for FY 2020-21.


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