Company Earnings Update

Walgreens Boots Alliance (NYSE: WBA) 3Q19 Results: Slow Performance at Boots UK, Company Reviewing Its US Store Estate

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Coresight Research

Key Points

  • Walgreens Boots Alliance reported marginal revenue growth of 0.7% in 3Q19, to $34.6 billion, in line with the consensus estimate. Diluted EPS came in at $1.13, down 16.3% year over year and below the consensus estimate of $1.19.
  • Comps for the Retail Pharmacy USA business fell 1.1%, while Retail Pharmacy International comps decreased 6.8%.
  • For FY19, Walgreens maintained guidance for roughly flat EPS at constant currency.

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