Walgreens Boots Alliance Reports Q3 Earnings and Revenue Surpassing Expectations

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Walgreens Boots Alliance ($NASDAQ:WBA), one of the world’s leading global pharmacy-led health and wellbeing enterprise, reported its third-quarter earnings with non-GAAP earnings per share surpassing expectations by $0.02 at $0.66, and revenue of $36.71B exceeding the forecast by $1.6B.

Price History

Walgreens Boots Alliance reported their third quarter earnings and revenue on Thursday, surpassing expectations. The stock opened at $24.2 and closed at $24.3, which was still a 5.1% drop from the previous closing price of $25.6. The company expects to see further positive momentum in the fourth quarter due to its strong financial position and ongoing focus on cost management. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for WBA. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for WBA. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for WBA. More…

Key Ratios Snapshot

Some of the financial key ratios for WBA are shown below. More…

Analysis

GoodWhale has conducted an analysis of WALGREENS BOOTS ALLIANCE’s wellbeing. Based on our Star Chart, we have classified WALGREENS BOOTS ALLIANCE as a ‘cow’, a company that traditionally has a track record of paying out consistent and sustainable dividends. Given that WALGREENS BOOTS ALLIANCE is strong in dividend, medium in profitability and weak in asset growth, it is likely to be of interest to investors looking for long-term, reliable income. Moreover, WALGREENS BOOTS ALLIANCE has an intermediate health score of 6/10 considering its cashflows and debt, suggesting that the company is likely to sustain future operations in times of crisis. More…

Peers

Walgreens Boots Alliance Inc. operates in the retail pharmacy industry. The company’s main competitors are Clicks Group Ltd, Rite Aid Corp, and Hai-O Enterprise Bhd. Walgreens Boots Alliance Inc. is the largest retail pharmacy chain in the United States. The company operates over 9,000 stores in the United States and Puerto Rico.

– Clicks Group Ltd ($OTCPK:CLCGY)

Clicks Group Ltd is a South African company that owns the Clicks and Musica retail chains. It has a market capitalization of 3.74 billion as of 2022 and a return on equity of 41.88%. The company sells a variety of products including books, music, movies, and games. It also has a loyalty program called Clicks ClubCard.

– Rite Aid Corp ($NYSE:RAD)

Rite Aid Corporation is a drugstore chain in the United States. The company’s market cap is $228.4 million and its ROE is 240.91%. Rite Aid operates over 4,000 stores in 31 states and the District of Columbia. The company offers a wide variety of products and services, including prescriptions, health and wellness products, and photo finishing services.

– Hai-O Enterprise Bhd ($KLSE:7668)

Hai-O Enterprise Berhad is an investment holding company. The Company, through its subsidiaries, is engaged in the retail and direct selling of Chinese herbal products, Chinese proprietary medicines, health food, consumer products, and beauty and wellness products. It also provides management, marketing, and logistic services.

Summary

Walgreens Boots Alliance recently reported their non-GAAP earnings per share (EPS) of $0.66, which was higher than the expected number by $0.02.

Additionally, their revenue for the quarter came in at $36.71B, beating expectations by $1.6B. Despite this strong report, investors reacted negatively and the stock price dropped upon the market open. Analysts have suggested that the drop may be due to investor expectations already being higher than what the company could deliver. Overall, it is clear that Walgreens Boots Alliance is in a strong position with its quarterly performance, and investors should take note of this as they make their investing decisions.