Walgreens Boots Alliance (WBA) Tops Q2 EPS by 19c, Raises EPS Guidance

Walgreens Boots Alliance (NASDAQ: WBA) reported Q2 EPS of $1.73, $0.19 better than the analyst estimate of $1.54. Revenue for the quarter came in at $33 billion versus the consensus estimate of $32.18 billion.

GUIDANCE:

Walgreens Boots Alliance sees FY2018 EPS of $5.85-$6.05, versus the consensus of $5.79.

Executive Vice Chairman and CEO Stefano Pessina said, “Our growth strategy of increasing and consolidating volume, differentiating ourselves through value and quality of service, and controlling costs is bearing fruit across our businesses. This is reflected in another good set of financial results in which we delivered the highest sales growth in eight quarters, as well as strong cash generation and record U.S. pharmacy market share. We expect to continue to grow, in part through the recent acquisition of stores from Rite Aid, and today we are raising our fiscal 2018 guidance."

For earnings history and earnings-related data on Walgreens Boots Alliance (WBA) click here.

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