•
Aug 31, 2021

Walgreens Q4 2021 Earnings Report

Walgreens' Q4 2021 earnings exceeded expectations, driven by strong operational performance and surpassing vaccination goals.

Key Takeaways

Walgreens Boots Alliance reported strong Q4 2021 results, exceeding expectations with a 12.8% increase in sales to $34.3 billion and adjusted EPS of $1.17, reflecting robust growth in both the International and United States segments. The company surpassed its COVID-19 vaccination goal, administering 13.5 million vaccinations during the quarter, and achieved over $2 billion in annual cost savings through its Transformational Cost Management Program.

Fourth quarter sales from continuing operations increased 12.8 percent year-over-year to $34.3 billion.

Fourth quarter adjusted EPS increased 29.5 percent to $1.17.

Walgreens surpassed COVID-19 vaccination goal, providing 13.5 million vaccinations in the quarter.

The Transformational Cost Management Program delivered in excess of $2 billion in annual cost savings by fiscal 2021, a year ahead of schedule.

Total Revenue
$34.3B
Previous year: $34.7B
-1.4%
EPS
$1.17
Previous year: $1.02
+14.7%
Gross Profit
$7.5B
Previous year: $6.8B
+10.3%
Cash and Equivalents
$1.19B
Previous year: $516M
+131.2%
Free Cash Flow
$867M
Previous year: $1.7B
-49.0%
Total Assets
$81.3B
Previous year: $87.2B
-6.8%

Walgreens

Walgreens

Walgreens Revenue by Segment

Forward Guidance

Company leadership to discuss strategic priorities for the future and fiscal 2022 guidance at Virtual Investor Conference today

Revenue & Expenses

Visualization of income flow from segment revenue to net income