Walgreens Boots posts Q4 sales of $34.7B, up 2% YoY

Thursday, 15. October 2020 13:03

Walgreens Boots Alliance Inc. revealed on Thursday that its sales in the fourth quarter of 2020 stood at $34.7 billion, a figure 2.3% higher compared to the corresponding timeframe in 2019. Operating income amounted to $650 million in the three months ending with August 31, 2020, marking a 26% drop from the same trimester last year, while net earnings landed at $356 million, plunging 48% year-on-year. The company's diluted net earnings per share declined by 43% on an annual basis to $0.43 in the final quarter.

For the entire 2020, sales were 2% higher than in 2019, reaching $139.5 billion. Operating income amounted to $1.3 billion in 2020, representing a 74% fall from the previous year. Net earnings went down 89% to $424 million, and diluted net earnings per share plummeted 88% to $0.52 in 2020.

The company's stock was 2.48% higher in premarket trade following the release of the report.

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