One of the largest pharma chains in the US, Walgreens had its financial report. The figures came in mixed.
The quarterly profit fell less than expected to $373 million, or 43 cents per share. The last year’s figures were $677 million. The EPS decreased to $1.02, but it topped the 96 cents consensus.
Walgreens sales rose 2.3% to $34.75 billion. The market was looking for $34.37 billion. At a US level, sales increased 3.6% to $27 billion.
At a global level, sales dropped 14.9% to $2.3 billion. However, the figures came in higher than the $2.2 billion expected.
For the future, Walgreen expects strong EPS growth.
Following the news, Walgreen stock price gained almost 3%. Year-to-date, the stock dropped 39%.