Walgreens' sales grow 1.5% to $34B in Q4

Monday, 28. October 2019 12:30

Retail pharmacy company Walgreens Boots Alliance Inc. said on Monday its sales in the fourth quarter of fiscal 2019 increased by 1.5% year-on-year to $34 billion. Operating income tumbled 37.0% to $878 million while adjusted operating income fell 11.9% to $1.6 billion. Earnings per share (EPS) plummeted 51.4% to $0.75.

In fiscal 2019 sales rose 4.1% to $136.9 billion and operating income decreased 20.5% to $5.0 billion. EPS went down 14.6% to $4.31. Net earnings fell 20.7% to $4.0 billion.

Executive Vice Chairman and CEO Stefano Pessina said: "I am encouraged by the improvement in U.S. comparable sales performance in the second half of fiscal 2019 and our progress in managing costs in order to save to invest to grow. We are introducing guidance for fiscal 2020 adjusted earnings per share, which we expect will be roughly consistent with fiscal 2019 at constant currency rates - very much in line with our expectations."

The stock rose by 1.95% to $56.50 at 7:44 am ET.

Related Links: Walgreens Boots Alliance Inc.
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Breaking the News / TF