Earnings

Walgreens Boots Alliance (WBA) Q1 earnings 2023

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Walgreens earnings beat estimates as early flu season helps drive sales

Walgreens Boots Alliance on Thursday reported fiscal first-quarter earnings that beat Wall Street’s estimates after an early flu season boosted demand for cough and cold medicine.

The company said it also raised its full-year revenue outlook due in part to its U.S. health-care segment’s just-sealed acquisition of Summit Health. For the most recent quarter, however, the segment’s revenue came in below expectations.

Shares of the company fell more than 4% before the bell.

Here’s how Walgreens did in its first fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.16, adjusted, vs. $1.14 expected
  • Revenue: $33.38 billion…



Source cnbc.com

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