Walgreens Boots Alliance (WBA) Misses Q3 EPS by 8c, Cuts FY Guidance

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Walgreens Boots Alliance Reports Fiscal 2023 Third Quarter Results

June 27, 2023 7:00 AM EDT

Company Achieved Adjusted EPS Growth on Strong Sales Growth

Revises Full-Year Guidance to Reflect Consumer Market Trends and Lower COVID-19 Demand

Immediate Actions to Improve Profitability Including $600 Million of Incremental Cost Savings

Third quarter financial highlights and recent equity sales

Third quarter earnings per share (EPS*) was $0.14, a decrease of $0.20 from the year-ago quarter; adjusted EPS increased 3.3 percent to $1.00, up 3.6 percent on a constant currency basis reflecting a 19.5 percent headwind from significantly lower COVID-19 vaccine and testing volumes Third quarter sales... More