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Walgreens Boots Alliance (WBA) 2Q16 Results: In-Line Results Driven by Strong Pharmacy Business

Executive Summary

  • Walgreens Boots Alliance reported fiscal 2Q16 revenues of $30.2 billion, up 13.6% from the year-ago period and slightly below the consensus estimate of $30.7 billion. Adjusted EPS was $1.31, up 10.8% year over year and slightly above the consensus estimate of $1.28.
  • The company reported quarterly US comps of 2.2% versus the consensus of 4.3%.
  • The company raised the lower end of its EPS guidance range for the year by five cents, and is now guiding for EPS of $4.35–$4.55, versus the consensus estimate of $4.48.

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