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Walgreens Boots Alliance Q1 Profit Tops Estimates, Sales Up 7.8%; Raises FY22 Guidance

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Walgreens Boots Alliance, Inc. (WBA) said the company's first-quarter results exceeded its expectations, with an encouraging performance across all business segments. Adjusted operating income from continuing operations was $1.8 billion, an increase of 48.5 percent on a constant currency basis. The company said the increases reflect strong adjusted gross profit growth across both pharmacy and retail in the United States and a continued rebound in International segment sales and profitability.

Looking forward, the company increased its guidance for fiscal 2022. Adjusted EPS guidance was raised to low-single digit growth, from flat previously, to reflect first quarter performance and continued positive momentum.

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