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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Walgreens Boots Alliance    WBA

WALGREENS BOOTS ALLIANCE

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Walgreens Boots Alliance : Reports Soaring Profit But Sales Miss Expectations

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10/11/2018 | 07:57am EDT

By Kimberly Chin

Walgreens Boots Alliance Inc. (WBA) reported stronger sales and profits in its fourth quarter Thursday but the sales missed analysts' expectations.

The Deerfield, Ill.-based company said net income rose 88.5% to $1.5 billion, or $1.55 a share, from the same period a year ago. On an adjusted basis, earnings per share came in at $1.48, above the $1.45 expected by analysts polled by Refinitiv.

Sales rose 10.9% to $33.44 billion. Analysts had expected the company to report $33.78 billion in sales.

Walgreen's shares fell 2.5% to $70.50 in premarket trading. The stock is flat for the year to date.

Comparable pharmacy-sales growth in the U.S. rose 1.3% in its latest quarter on higher volume, though the company continues to cope with reimbursement pressures and the impact of generic drugs. Comparable pharmacy sales decreased 3.4% abroad.

Comparable retail sales fell 1.9% in the U.S. while it fell 0.9% on a constant-currency basis internationally.

The drugstore chain also gave earnings guidance for the fiscal 2019. It expects adjusted earnings growth between 7% to 12% at constant currency rates, for adjusted earnings per share in the range of $6.40 to $6.70.

Walgreens has expanded in recent years by merging with European drug wholesaler Alliance Boots and buying up stores from rival Rite Aid Corp. The company, whose roots date back to 1901, has more than 13,200 stores across 11 countries.

Write to Kimberly Chin at kimberly.chin@wsj.com

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Financials ($)
Sales 2019 137 B
EBIT 2019 7 185 M
Net income 2019 4 581 M
Debt 2019 14 957 M
Yield 2019 3,46%
P/E ratio 2019 10,26
P/E ratio 2020 9,59
EV / Sales 2019 0,46x
EV / Sales 2020 0,43x
Capitalization 47 516 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 57,9 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Stefano Pessina Executive Vice Chairman & Chief Executive Officer
James A. Skinner Executive Chairman
Ornella Barra Co-Chief Operating Officer
Alexander W. Gourlay Co-Chief Operating Officer
Richard M. Ashworth President-Operations
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