Walgreens Boots Alliance (WBA) Misses Q3 EPS by 38c
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Walgreens Boots Alliance Reports Fiscal 2020 Third Quarter Results
July 9, 2020 7:00 AM EDT
Quarterly Performance Significantly Impacted by COVID-19 Pandemic
Company Accelerates Progress on Strategic Priorities
Estimated COVID-19 impact on the third quarter
Adverse sales impact of approximately $700 million to $750 million, almost entirely from the company's non-U.S. businesses Gross margin adversely impacted by shift from higher to lower margin categories, supply chain costs SG&A increased due to higher employee costs and social distancing and cleaning expenses Both operating income and adjusted operating income included an adverse impact of $700 million to $750 million from the above items, or $0.61 to $0.65... More