Walgreens Boosts Alliance (WBA) PT Lowered to $95 at Credit Suisse

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Walgreens Boots Alliance Reports Fiscal 2019 First Quarter Results

December 20, 2018 7:00 AM EST

Delivers Double Digit Percentage Growth in Earnings Per Share (EPS)

First quarter highlights, year-over-year

Sales increased 9.9 percent to $33.8 billion Operating income increased 6.1 percent to $1.4 billion; Adjusted operating income decreased 4.1 percent to $1.7 billion EPS increased 45.7 percent to $1.18; Adjusted EPS increased 14.1 percent to $1.46

Fiscal 2019 outlook

Company maintained its guidance of 7 percent to 12 percent growth in fiscal 2019 adjusted EPS at constant currency rates Company to launch transformational cost management program, which is targeting annual cost savings in excess of $1 billion by... More