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"Walgreens Tops Q4 Earnings Forecast, Sees 2021 Profit

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bar1080   Thursday, 10/15/20 07:52:12 AM
Re: Prudent Capitalist post# 2887
Post # of 2910 
"Walgreens Tops Q4 Earnings Forecast, Sees 2021 Profit Growth Despite Pandemic"

"Walgreens Boots Alliance posted stronger-than-expected fourth quarter earnings Thursday and said profits in the coming year should continue to grow despite the impact of the coronavirus pandemic. Walgreens Boots said adjusted profits for the three months ending in September, the group's fiscal fourth quarter, were pegged at $1.02 per share, down 28.7% from the same period last year but six cents ahead of the Street consensus forecast. Group revenues, the Walgreens said, rose 2.3% to $34.7 billion, just ahead of analysts' estimates of a $34.37 billion tally."

"Comparable U.S. store sales for the group's retail pharmacy business rose 3.6%, Walgreen said, with total revenues also up 3.6% to $27 billion.

Walgreens Boots said adjusted profits for the coming 2021 year should grow in the "low single-digit' percentage range, although the first half of the year will be negatively impacted by the ongoing coronavirus pandemic.“

https://finance.yahoo.com/m/a8c14ff1-8c85-3c27-bd5e-52e262570211/walgreens-boots-tops-q4.html

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