Walgreens Q2 2020 Earnings Report
Key Takeaways
Walgreens Boots Alliance reported a 3.7% increase in sales to $35.8 billion and an EPS of $1.07. Adjusted EPS decreased 7.3% to $1.52. The company was on track to maintain fiscal 2020 guidance before the COVID-19 pandemic.
Sales increased 3.7 percent to $35.8 billion, up 4.1 percent on a constant currency basis
Operating income decreased 18.7 percent to $1.2 billion; Adjusted operating income decreased 12.0 percent to $1.7 billion, on both a reported and constant currency basis
EPS decreased 14.0 percent to $1.07; Adjusted EPS decreased 7.3 percent to $1.52, on both a reported and constant currency basis
Company on target to deliver in excess of $1.8 billion in annual cost savings by fiscal 2022
Walgreens
Walgreens
Walgreens Revenue by Segment
Forward Guidance
Prior to the COVID-19 pandemic, the company was on track to maintain its guidance for full-year fiscal 2020, of roughly flat growth in adjusted EPS, at constant currency rates, with a range of plus or minus 3 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income