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: Retail 2025: China Retail PredictionsAnalyst Corner: What’s Happening in China’s Economy? Analyzing Retail and Consumer Metrics with Madhav PitaliyaThree Data Points We’re Watching This Week, Week 4: US Store Openings and Closures—2024 ReviewWeekly US and UK Store Openings and Closures Tracker 2025, Week 2: Barnes & Noble CEO Announces Store Expansion Plan