Walgreens Boots Alliance (WBA) Tops Q2 EPS by 3c; Boosts FY16 EPS Outlook
Walgreens Boots Alliance (NASDAQ: WBA) reported Q2 EPS of $1.31, $0.03 better than the analyst estimate of $1.28. Revenue for the quarter came in at $30.2 billion versus the consensus estimate of $30.66 billion.
Sales in comparable stores increased 2.2 percent compared with the same quarter a year ago.
Rite Aid Acquisition
Walgreens Boots Alliance’s proposed acquisition of Rite Aid Corporation, which was announced 27 October 2015, is progressing as planned with Rite Aid’s stockholders approving the transaction on 4 February 2016. The transaction is subject to the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other customary closing conditions.
Walgreens Boots Alliance is continuing its integration planning and continues to expect the transaction to close in the second half of calendar 2016.
GUIDANCE:
Walgreens Boots Alliance sees FY2016 EPS of $4.35-$4.55, versus prior guidance of $4.30-$4.55 and the consensus of $4.48.
For earnings history and earnings-related data on Walgreens Boots Alliance (WBA) click here.