Walgreens Boots Alliance Reports First Quarter Financial Results | Financial Buzz

Walgreens Boots Alliance Reports First Quarter Financial Results

Walgreens Boots Alliance is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling.

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) reported financial results for the first quarter of fiscal 2020, ended November 30th, 2019.  Sales reached USD 34.3 Billion, a 1.6% increase.  Operating income amounted to USD 1 Billion, a 27.6% decrease year over year.  EPS fell 19.8% year over year to USD 0.95.  Net cash provided by operating activities reached USD 1.1 Billion, a rise of USD 601 Million.  Net earnings fell 24.8% reaching USD 845 Million compared to a year ago. 

Guidance remains constant as adjusted earnings per share at constant currency rates, with a range of plus or minus 3%. 

Executive Vice Chairman and CEO Stefano Pessina said, “We are maintaining our outlook for the year despite a soft first quarter. We are confident our strategic plans are the right ones to drive long-term sustainable growth going forward. In addition, during the quarter we were very satisfied with the progress made in our Transformational Cost Management Program and with the strong cash flow we delivered.”