Walgreens posted adjusted earnings of $1.47 per share and sales of $34.59Pedestrians walk past a Walgreens store in New York.reported fiscal third-quarter earnings that beat Wall Street's expectations Thursday before market open.
The drugstore chain reported adjusted earnings of $1.47 per share, beating analysts polled by Refinitiv's expectations of $1.43 per share. Walgreens posted $34.59 billion in sales. Analysts had expected $34.46 billion.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $34.59 billion vs. $34.46 billion expected
Walgreens maintained its full-year forecast of earnings to be roughly flat. The company cut its outlook last quarter from the previously guided 7% to 12% growth. Walgreens and its competitors are under pressure, with insurers paying pharmacies less to fill prescriptions and consumers buying fewer household items at drugstores and more online. Facing these challenges, Walgreens CEOdubbed last quarter the "most difficult" quarter since Walgreens acquired European drugstore chain Alliance Boots in late 2014 to form Walgreens Boots Alliance.
"Following a difficult second quarter, we made progress in the third quarter against the strategic goals we set, and are pleased to report an improvement in our U.S. comparable growth compared with the first half of the year," Pessina said.
Don’t believe the crowd from Mario Brothers and Monty Python. They don’t know how to run a British drug store much less an American one. I guarantee you that this “beat” is some accounting trick-leaning on some poor vendors to advance them “co-op” dollars or bull shit like that.
LMAO you permabulls are absolute charlatans
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