Earnings

Walgreens Boots Alliance (WBA) Q1 2022 earnings beat

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A sign displays the types of COVID-19 vaccination doses available at a Walgreens mobile bus clinic on June 25, 2021 in Los Angeles, California.

Mario Tama | Getty Images

Walgreens Boots Alliance on Thursday exceeded analysts’ expectations for fiscal first-quarter earnings and raised its forecast for the year, as customers came to its stores for Covid booster shots, at-home test kits and first-time vaccinations for children.

Despite that, shares fell as the company spoke of rising labor costs. Executives said Walgreens must increase wages as pharmacy staff juggle prescription refills and administering vaccines. The company’s shares closed at $52.44 on Thursday, down 2.89%.

‘Stress in the…



Source cnbc.com

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