WASHINGTON (dpa-AFX) - (Adds Outlook)
For the full year, Walgreens Boots Alliance, Inc. (WBA) has narrowed its full-year adjusted EPS outlook, citing challenging retail environment in the U.S., early wind-down of sale-leaseback program, and lower earnings due to Cencora share sales.
For fiscal 2024, the company now expects adjusted EPS in the range of $3.20 to $3.35, compared with the previous outlook of $3.20 to $3.50. Analysts on average, polled by Thomson-Reuters expect the company to report earnings of $3.24 per share for the year.
In pre-market, the shares were down $0.16 to trade at $20.86.
Below are the Q2 earnings highlights for Walgreens Boots Alliance, Inc. (WBA):
Earnings: -$5.91 billion in Q2 vs. $703 million in the same period last year. EPS: -$6.85 in Q2 vs. $0.81 in the same period last year. Excluding items, Walgreens Boots Alliance, Inc. reported adjusted earnings of $1.04 billion or $1.20 per share for the period.
Analysts projected $0.82 per share Revenue: $37.05 billion in Q2 vs. $34.86 billion in the same period last year.
-Guidance: Full year EPS guidance: $3.20 to $3.35
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