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Dow 30 Component Walgreens Releases Q4 Earnings, Beat Estimates

By John F. Heerdink, Jr.

Reportedly, the drugstore chain Walgreen Boots Alliance (WBA) released Q4 earnings recently. The company expects profit to grow in single digits in 2021, after witnessing better-than-expected fourth-quarter figures driven by an increase in sales at U.S. pharmacies. Same-store sales for the company’s retail pharmacy unit in the United States increased 3.6% from a year earlier. Excluding items, the company reported earnings of $1.02 per share, beating analysts’ estimates of 96 cents per share.

Walgreens also expects strong adjusted profit growth in the second half of 2021, as the impact of the Covid-19 pandemic subsides.

Walgreen Boots Alliance (WBA) is a pharmacy-led, health and well-being enterprise with a long history of trusted healthcare services, community pharmacy care, and pharmaceutical wholesaling dates. To learn more about Walgreen Boots Alliance (WBA) and to continue to track its progress please visit the Vista Partners Walgreens Boots Alliance Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Walgreens forecasts 2021 profit growth after fourth-quarter earnings beat in CNBC)


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