Retail

Walgreens Boots Alliance (WBA) Q3 2021 earnings beat

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Walgreens Boots Alliance on Thursday raised its outlook for the year and laid out its strategy to drive growth, after a stronger-than-expected fiscal third quarter.

The drugstore chain said it now anticipates about 10% growth in adjusted earnings per share for the year, due to rebounding sales and the boost from Covid-19 shots. It had previously forecast growth in the mid-to-high single digits. So far, the company said it has administered more than 25 million vaccines.

The shares rose by more than 3% initially in premarket trading, but began to trend downward on concerns that vaccines and revenue that comes with them will slow in the quarters ahead. The stock was down more than 6% early…



Source cnbc.com

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