Walgreens Boots Alliance (NASDAQ: WBA) reported third quarter 2020 earnings results today.
Sales increased 0.1% year-over-year to $34.6 billion. Sales growth was 1.2% on a constant currency basis, led by Retail Pharmacy USA comparable sales growth of 3%. The adverse impact of COVID-19 on sales was approx. $700-750 million, with the majority of the impact related to the Retail Pharmacy International division.
Stay tuned here for WBA Q3 2020 Earnings Transcript
Net loss attributable to WBA was $1.7 billion, or $1.95 per share, compared to earnings of $1 billion, or $1.13 per share, a year ago. Adjusted net earnings attributable to WBA decreased 45.9% to $723 million and adjusted EPS fell 43.8% to $0.83.
For fiscal 2020, adjusted EPS is expected to be $4.65 to $4.75, including estimated adverse COVID-19 impacts of $1.03-1.14 per share.
The board of directors declared a quarterly dividend of 46.75 cents per share, up 2.2%. The dividend is payable on September 11, 2020 to stockholders of record as of August 19, 2020, and raises the annual rate from $1.83 per share to $1.87 per share. The company is also suspending activity under its share repurchase program.
Most Popular
Key highlights from Box (BOX) Q4 2021 earnings results
Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to
Infographic: Highlights of Hewlett Packard’s (HPE) Q1 2021 earnings report
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,
MercadoLibre (MELI): Here is a stock to have on your investment radar
MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth
