An indication shows the varieties of COVID-19 vaccination doses accessible at a Walgreens cellular bus clinic on June 25, 2021 in Los Angeles, California.
Mario Tama | Getty Photos
Walgreens Boots Alliance on Thursday exceeded analysts’ expectations for the fiscal first-quarter and raised its forecast for the 12 months, as clients got here to its shops for Covid vaccines and testing.
Shares rose greater than 3% in premarket buying and selling.
The pharmacy chain raised its forecast for the 12 months, saying it now anticipates adjusted earnings per share to develop the low single-digits as a substitute of being flat.
This is what Walgreens reported in contrast with what analysts have been anticipating for the primary quarter ended Nov. 30, primarily based on Refinitiv knowledge:
- Earnings per share: $1.68 adjusted vs. $1.33 anticipated
- Income: $33.90 billion vs. $32.74 billion anticipated
Within the quarter, internet revenue rose to $3.58 billion, or $4.13 per share, from a internet lack of $308 million, or 36 cents per share, a 12 months earlier.
Excluding objects, the corporate earned $1.68 per share, topping the $1.33 anticipated by analysts surveyed by Refinitiv.
Gross sales rose to $33.90 billion from $31.44 billion a 12 months earlier, and have been larger than the $32.74 billion that analysts anticipated.
Walgreens mentioned it administered 15.6 million Covid vaccines within the newest quarter — bringing its whole to greater than 56 million to this point. Its tempo of vaccinations accelerated from the earlier quarter, when it gave 13.5 million photographs. Covid vaccinations peaked at Walgreens within the third quarter of final 12 months, when it administered 17 million photographs.
Gross sales gained steam within the quarter, too, with U.S. retail same-store gross sales rising 10.6% in contrast with the year-ago interval. Similar-store gross sales at its Boots enterprise in the UK rose by 16.3% versus a 12 months in the past.
Walgreens shares closed Wednesday at $54.00, up almost 1%. The corporate’s shares have risen 31% over the previous 12 months, bringing its market worth to $46.74 billion.
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