(AOF) – On the New York stock exchange, Walgreens Boots Alliance fell 9.9% to $22.68 after the publication of disappointing results for the first quarter of its 2024 fiscal year. The chain’s board of directors of American pharmacies also announced a quarterly dividend of 25 cents per share, down 48% compared to the previous quarter. The dividend is payable on March 12, 2024 to shareholders of record as of February 20, 2024.
Regarding its results for this quarter, its turnover increased by 10% compared to the previous quarter to reach 36.7 billion dollars, an increase of 8.7% at constant exchange rate. It reflects sales growth in the U.S. and international retail pharmacy sectors, as well as revenue contributions from the U.S. healthcare sector.
In contrast, its adjusted net income fell 43.1% to $571 million, reflecting lower adjusted operating income and a higher adjusted effective tax rate.
The American pharmacy chain reports a reduction in its operating loss from $6.2 billion in the fourth quarter of 2023 to $39 million in the first quarter.
In addition, the group’s loss per share also decreased from $4.31 in the fourth quarter to 0.08 cents in the first quarter.
Adjusted earnings per share fell 43.1% to 66 cents. However, the group maintains its adjusted EPS forecast for fiscal 2024 of $3.20 to $3.50.
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