Walgreens Sees Fiscal-Year Adjusted EPS $4.65-$4.75 After Virus Effects
July 09 2020 - 8:20AM
Dow Jones News
By Micah Maidenberg
Walgreens Boots Alliance Inc. said it expects to generate
adjusted earnings of $4.65 to $4.75 a share for its current fiscal
year, a forecast the company said reflects the tough conditions the
coronavirus pandemic is having on its business.
The effects of the pandemic are expected to slice $1.03 to $1.14
a share out of adjusted earnings for the year, the company said
Thursday.
"This guidance assumes continued adverse impacts from Covid-19
in the fourth quarter. In the U.K., retail conditions are expected
to remain very depressed, despite gradual easing of restrictions.
More robust sales growth is expected in the Retail Pharmacy USA
division," the company said.
Walgreens also said that it was suspending activity under its
share repurchase program.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
July 09, 2020 08:05 ET (12:05 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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