Walgreens Q1 2022 Earnings Report
Key Takeaways
Walgreens Boots Alliance reported strong first quarter results for fiscal year 2022, exceeding expectations across all business segments. Key drivers included COVID-19 vaccinations and testing, strong U.S. retail comparable sales, and a rebound in International segment sales and profitability. The company raised its full year adjusted EPS guidance.
First quarter EPS from continuing operations was $4.13, compared with a loss of $0.45 in the year-ago quarter; adjusted EPS increased to $1.68, up 53.1 percent on a constant currency basis.
First quarter sales from continuing operations increased 7.8 percent to $33.9 billion, up 7.6 percent on a constant currency basis.
First quarter operating income from continuing operations increased to $1.3 billion, compared with a loss of $535 million in the year-ago quarter; adjusted operating income increased to $1.8 billion, up 48.5 percent on a constant currency basis.
The company is increasing full year adjusted EPS guidance to low-single digit growth, from flat previously.
Walgreens
Walgreens
Walgreens Revenue by Segment
Forward Guidance
Walgreens Boots Alliance is increasing its full year adjusted EPS guidance to low-single digit growth, from flat previously, to reflect first quarter performance and continued positive momentum. The outlook includes a 2 percentage point impact from incremental investments in team members and a 4 percentage point negative impact from previously planned healthcare investments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income