Company Earnings Update 3 minutesRegister for Free AccessWalgreens (WBA) 4Q16 Results: EPS Beats Consensus, Rite Aid Merger Extended Coresight Research October 21, 2016 Executive Summary Walgreens reported fiscal 4Q16 adjusted EPS of $1.07, ahead of the $0.99 consensus estimate. Reported revenues were $28.64 billion, up 0.4% year over year and below the consensus estimate of $29.11 billion. Management now expects Walgreens’ pending acquisition of Rite Aid to close in early 2017, versus the previously stated end of 2016, and it continues to expect that the Federal Trade Commission will require the parties to divest 500–1,000 stores. For fiscal year 2017, the company expects adjusted EPS of $4.85–$5.20, in line with the consensus estimate of $5.03. This guidance assumes accretion of $0.05–$0.12 from Rite Aid, based on the expected store divestitures and timing of the closing. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Google Cloud Next 2023: Opening Keynote—Generative AI in the SpotlightThree Data Points We’re Watching This WeekHead-to-Head in US Warehouse Club Retailing: Costco vs. Sam’s ClubA Must-Read Guide to Shoptalk 2023: How To Maximize Your Time and Create Opportunities Across Five Retail Themes