Walgreens: 30% drop in EPS in the 3rd quarter


(CercleFinance.com) – Walgreens Boots Alliance, publishes adjusted EPS from continuing operations down 30% to 96 cents (-28.9% at constant exchange rates) for its third quarter 2021-22, and operating income of billion dollars (-33.5% at constant exchange rates).

At 32.6 billion dollars, the turnover of the pharmacy chain is down 4.2% (-2.8% at constant exchange rates), penalized – as the group had anticipated – by an impact of 720 basis points related to sales of AllianceRx Walgreens.

Walgreens Boots maintains its expectations for growth in the low single digits of its adjusted annual EPS, saying its year-to-date performance is “broadly in line with expectations”.

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