Walgreens Boots Alliance Reports Fiscal 2022 Third Quarter Results

Third quarter highlights:
Third quarter earnings per share (EPS) from continuing operations decreased 73.8 percent to $0.33, compared with EPS of $1.27 in the year-ago quarter; continuing operations adjusted** EPS decreased 30.0 percent to $0.96, down 28.9 percent on a constant currency basis against strong growth of 93.6 percent in the year-ago quarter reflecting peak COVID-19 vaccine volumes
*Year-to-date EPS from continuing operations increased 190.6 percent to $5.49, compared with EPS of $1.89 in the year-ago quarter; continuing operations adjusted EPS increased 13.3 percent to $4.23, up 13.9 percent on a constant currency basis
*Third quarter sales from continuing operations decreased 4.2 percent over the year-ago quarter to $32.6 billion, down 2.8 percent on a constant currency basis including a 720 basis point impact from AllianceRx Walgreens as anticipated
*Third quarter operating income from continuing operations decreased to a loss of $320 million, compared to operating income of $1.1 billion in the year-ago quarter; adjusted operating income from continuing operations was $1.0 billion, down 33.5 percent on a constant currency basis
*WBA sold 6.0 million shares of AmerisourceBergen common stock, with proceeds of $900 million
*Completion of Boots strategic review, with decision to retain the business

Chief Executive Officer Rosalind Brewer said:
“WBA delivered strong execution across operating segments and against very robust growth last year. Third quarter results were broadly in line with our expectations, demonstrating the resilience of our business through our deep community connections and relevance to consumers. Walgreens Health achieved 65 percent pro forma sales growth with progress on several fronts, including adding Buckeye Health Plan as a strategic partner, already exceeding our 2022 target for covered lives, and launching our clinical trials business. With our decision to conclude the Boots strategic review, I firmly believe that our strategic actions are working to deliver long-term shareholder value.”
details at: https://www.walgreensbootsalliance.com/news-media/press-releases/2022/walgreens-boots-alliance-reports-fiscal-2022-third-quarter-results

Related Posts

Costco Wholesale Corporation Reports August Sales Results

Costco Wholesale Corporation reported net sales of $13.56 billion for the retail month of August, the four weeks ended August 30, 2020, an increase of 15.0 percent from $11.79 billion last year. For the 16-week fourth quarter ended August 30, 2020, the Company reported net sales of $52.3 billion, an increase of 12.7 percent compared to net sales of $46.4 billion during the similar period last year. For the 52-week fiscal year ended August 30, 2020, the Company reported net sales of $163.2 billion, an increase of 9.2 percent from the $149.4 billion during the similar period last year.

Postal Service Eyes January Rate Hikes

The U.S. Postal Service (USPS) is planning to raise virtually all rates a bit in January, apparently including a one-cent hike of the Forever Stamp, to 50 cents. And it’s also hoping it will soon get the power to implement larger rate hikes. The USPS will raise rates for both market-dominant mail (such as First Class and Marketing Mail) and competitive mail (such as Priority Mail) on Jan. 21, 2018, postal officials told mailing-industry representatives this week. A postal official indicated that rates would rise from 1% to 3% for most market-dominant products, according to attendees at a meeting of the Mailers Technical Advisory Committee. Click Read More below for more of the story.

Lee Enterprises Detects ‘Material Weaknesses’ In Its Financial Reporting

Publisher Lee Enterprises has discovered “material weaknesses” in its financial reporting and has not yet filed its annual report for the fiscal year ended September 25, 2022, the company states in a Form 8-K filing with the Securities and Exchange Commission. Management “did not maintain appropriately designed information technology general controls in the areas of user access for certain of its information systems that are relevant to the preparation of the Company's consolidated financial statements and system of internal control over financial reporting,” Lee says.
Back To Top
×Close search
Search