Walgreens Boots: Q4 EPS down 17%

(CercleFinance.com) - Walgreens Boots Alliance has reported Q4 2022-23 adjusted EPS that is down 17% to $0.
67, with its adjusted operating profit down 9.8% to $683m, reflecting lower vaccine and Covid-19 testing volumes. NB: pmt -2%.

The drugstore chain's sales rose by 9.2% to $35.4bn, including an 8.3% increase at constant exchange rates, bringing its YTD total to $139.1bn (+4.8%).

With 2022-23 adjusted EPS that is down 20.9% at $3.98, it is targeting $3.20 to $3.50 for 2023-24, although has not yet provided any longer-term forecasts.


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