Walgreens Q3 2022 Earnings Report
Key Takeaways
Walgreens Boots Alliance reported a decrease in third quarter sales by 4.2 percent to $32.6 billion. EPS decreased 73.8 percent to $0.33, while adjusted EPS decreased 30.0 percent to $0.96. The company is maintaining its full year adjusted EPS guidance of low-single digit growth.
Third quarter EPS from continuing operations decreased 73.8 percent to $0.33, compared with EPS of $1.27 in the year-ago quarter.
Third quarter sales from continuing operations decreased 4.2 percent over the year-ago quarter to $32.6 billion.
Walgreens Health pro forma sales up 65 percent compared to year-ago standalone results.
Transformational Cost Management Program now expected to deliver $3.5 billion in annual cost savings by fiscal 2024, up from $3.3 billion previously.
Walgreens
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Walgreens Revenue by Segment
Forward Guidance
Walgreens Boots Alliance is maintaining full year adjusted EPS guidance of low-single digit growth, as year-to-date performance is tracking broadly in line with expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income