Walgreens Boots Alliance (WBA) Tops Q1 EPS by 19c

(Updated - January 7, 2021 7:05 AM EST)

Walgreens Boots Alliance (NASDAQ: WBA) reported Q1 EPS of $1.22, $0.19 better than the analyst estimate of $1.03. Revenue for the quarter came in at $36.3 billion versus the consensus estimate of $34.95 billion.

Company Outlook:

The company maintained fiscal 2021 guidance of low single-digit growth in adjusted earnings per share at constant currency rates, with the profile skewed to opportunity:

• The first quarter exceeded expectations, reflecting strength in Boots UK and Boots Opticians.
• While the second quarter is expected to see higher adverse impacts from COVID-19 (including the weaker cough, cold and flu season), the company anticipates first-half fiscal 2021 adjusted EPS to be broadly in line with prior expectations.
• On a full-year basis, the opportunity from the distribution of vaccinations is likely to be offset by COVID-19 related lock-downs and restrictions, and by increased growth investments.

For earnings history and earnings-related data on Walgreens Boots Alliance (WBA) click here.

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