Stocks

Walgreens fourth-quarter profit slumps 44.9% as COVID-19 hits store sales

9Views
Spread the love


© Reuters. A sign rests on a counter at a Walgreens pharmacy store in Austin, Texas

(Reuters) – Drugstore chain Walgreens Boots Alliance Inc (O:) said on Thursday its quarterly profit slumped 44.9%, as COVID-19 hampered sales at its retail stores in the United States and at its Boots UK unit.

However, the company said it expected single-digit growth in its 2021 adjusted earnings per share.

Net income attributable to Walgreens fell to $373 million or 43 cents per share, in the fourth quarter ended Aug. 31, from $677 million, or 75 cents per share, a year earlier.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Leave a Reply