Walgreens Shares Rise After Its Earnings Get Lift From Covid Vaccines and Testing, Raises Forecast

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Walgreens Shares Rise After Its Earnings Get Lift From Covid Vaccines and Testing, Raises Forecast
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Walgreens said it administered 15.6 million Covid vaccines in the latest quarter — bringing its total to more than 56 million to date.

Its pace of vaccinations accelerated from the previous quarter, when it gave 13.5 million shots. Covid vaccinations peaked at Walgreens in the third quarter of last year, when it administered 17 million shots.

Sales gained steam in the quarter, too, with U.S. retail same-store sales rising 10.6% compared with the year-ago period. Same-store sales at its Boots business in the United Kingdom rose by 16.3% versus a year ago. Walgreens shares closed Wednesday at $54.00, up nearly 1%. The company's shares have risen 31% over the past 12 months, bringing its market value to $46.74 billion.

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