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July 1, 2021, 7:26 a.m. EDT

Walgreens swings to a profit

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By Tonya Garcia

Walgreens Boots Alliance Inc. /zigman2/quotes/203410933/composite WBA -1.54% shares rose 2.8% in Thursday premarket trading after the pharmacy retailer swung to a fiscal third-quarter profit. Net income totaled $1.197 billion, or $1.38 per share, after a loss of $1.708 billion, or $1.95 per share, last year. Adjusted EPS of $1.51 beat the FactSet consensus for $1.16. Sales of $34.03 billion were up from $30.36 billion and also ahead of the FactSet consensus for $33.49 billion. Walgreens raised its fiscal 2021 adjusted EPS guidance to mid-to-high single digit growth to 10% growth, on a constant currency basis. The company also completed the sale of the Alliance Healthcare pharmacy business to AmerisourceBergen Corp. /zigman2/quotes/201066379/composite ABC -2.60% . Walgreens has administered more than 25 million COVID vaccinations to date. Walgreens stock has gained 32% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -2.27% is up 14.4% for the period.

/zigman2/quotes/203410933/composite
US : U.S.: Nasdaq
$ 45.90
-0.72 -1.54%
Volume: 5.80M
Nov. 26, 2021 1:00p
P/E Ratio
15.66
Dividend Yield
4.16%
Market Cap
$39.73 billion
Rev. per Employee
$420,663
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/zigman2/quotes/201066379/composite
US : U.S.: NYSE
$ 120.23
-3.21 -2.60%
Volume: 613,655
Nov. 26, 2021 1:10p
P/E Ratio
16.27
Dividend Yield
1.53%
Market Cap
$24.98 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
4,594.62
-106.84 -2.27%
Volume: 2.10B
Nov. 26, 2021 2:12p
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