Walgreens Boots Alliance (WBA) Tops Q2 EPS by 6c, is not in position to accurately forecast future impacts

(Updated - April 2, 2020 7:02 AM EDT)

Walgreens Boots Alliance (NASDAQ: WBA) reported Q2 EPS of $1.52, $0.06 better than the analyst estimate of $1.46. Revenue for the quarter came in at $35.8 billion versus the consensus estimate of $35.27 billion.

Company Outlook:

Prior to the COVID-19 pandemic, the company was on track to maintain its guidance for full-year fiscal 2020, of roughly flat growth in adjusted EPS, at constant currency rates, with a range of plus or minus 3 percent. Second quarter financial performance exceeded the company’s expectations. Although the COVID-19 situation is ultimately temporary, given the many rapidly changing variables related to the pandemic, at this time WBA is not in a position to accurately forecast the future impacts. The company will continue to closely assess and manage this situation, and will provide further updates in the next earnings report when both the potential positive and negative effects of the pandemic will be known in more detail

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

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