Company Earnings Update 3 minutesRegister for Free AccessWalgreens Boots Alliance (WBA) Fiscal 3Q17 Results: Beats and Raises Guidance, Announces New Agreement with Rite Aid Coresight Research June 30, 2017 Executive Summary Walgreens Boots Alliance reported fiscal 3Q17 adjusted EPS of $1.33, above the $1.30 consensus estimate. Revenues were $30.1 billion, up 2.1% year over year and above the $29.7 billion consensus estimate. Sales increased by 5.0% on a constant-currency basis in the quarter. Separately, the company announced the replacement of its merger agreement with Rite Aid with a new agreement to purchase 2,186 stores, three distribution centers and related inventory for $5.175 billion in cash plus the assumption of related real estate leases and other liabilities. The new transaction is expected to close within the next six months. The company also raised the lower end of its FY17 guidance by $0.08 per share, and now expects adjusted EPS of $4.98–$5.08. 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: Data Dive: US Return to Office—Three Retail-Relevant Trends You Don’t Already Know1Q24 US Retail Inventory Insights: Inventory Turnover Ratios Improve Amid Economic ResilienceHead-to-Head in UK Apparel Retailing: Boohoo vs. PrimarkInnovator Profile: Wink Provides Seamless Payment Experiences Leveraging Biometrics