Walgreens: Q3 misses consensus
(CercleFinance.com) - Walgreens Boots Alliance has reported adjusted EPS that is down 43.
8% at 83 cents for its third accounting quarter (to end-May), falling more than 35 cents short of the consensus, while its adjusted operating profit is down 46.5% to 919 million dollars.
The Illinois-based drugstore chain posted pretty flat sales (+0.1%) at 34.6 billion dollars (+1.2% at constant exchange rates), including 3% growth in sales at constant stores for its retail pharmacy business in the US.
Walgreens says that it expects adjusted EPS of between 4.65 dollars and 4.75 dollars for the current year. Its Board of Directors has decided to increase the quarterly dividend by 2.2% to 46.75 cents per share, but has suspended its share buyback program.
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8% at 83 cents for its third accounting quarter (to end-May), falling more than 35 cents short of the consensus, while its adjusted operating profit is down 46.5% to 919 million dollars.
The Illinois-based drugstore chain posted pretty flat sales (+0.1%) at 34.6 billion dollars (+1.2% at constant exchange rates), including 3% growth in sales at constant stores for its retail pharmacy business in the US.
Walgreens says that it expects adjusted EPS of between 4.65 dollars and 4.75 dollars for the current year. Its Board of Directors has decided to increase the quarterly dividend by 2.2% to 46.75 cents per share, but has suspended its share buyback program.
Copyright (c) 2020 CercleFinance.com. All rights reserved.