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WALGREENS - Pharmacy sales increase 14.1%

Walgreens Boots Alliance, Inc. First Quarter 2018 Conference Call: http://edge.media-server.com/m/p/ztxvd92x

Investor Page:  
http://investor.walgreensbootsalliance.com/eventdetail.cfm?EventID=186765

First quarter highlights

  • GAAP diluted net earnings per share were $0.81, down 16.5 percent from the year-ago quarter mainly due to impairment of the company's equity method investment in Guangzhou Pharmaceuticals Corporation; Adjusted diluted net earnings per share were $1.28, an increase of 16.4 percent, up 15.5 percent on a constant currency basis
  • GAAP net earnings attributable to Walgreens Boots Alliance decrease 22.1 percent, to $821 million; Adjusted net earnings attributable to Walgreens Boots Alliance increase 7.8 percent to $1.3 billion, up 7.2 percent on a constant currency basis
  • Sales increase 7.9 percent to $30.7 billion, an increase of 7.2 percent on a constant currency basis
  • GAAP operating income decreases 8.6 percent to $1.3 billion due to a loss from the company's equity earnings in AmerisourceBergen; Adjusted operating income increases 4.8 percent to $1.8 billion, up 4.4 percent on a constant currency basis
  • GAAP net cash provided by operating activities was $961 million; Free cash flow was $583 million
Comments

DRUGSTORE NEWS:Backed by strong Q1 results, Walgreens is rethinking how retail is done in 2018

http://www.drugstorenews.com/article/thriving-us-pharmacy-business-drives-walgreens-01-q1-results

CHAIN STORE AGE : Walgreens’ Q1 U.S. pharmacy sales rise but retail sales fall

https://www.chainstoreage.com/finance-0/walgreens-q1-u-s-pharmacy-sales-rise-retail-sales-fall/