Walgreens Boots Alliance, Inc. (NASDAQ:WBA) outlined its fourth quarter earnings results on Thursday 15th October 2020 before market open.
The company reported $ 0.43 income per share for the quarter. On adjusted basis, Walgreens Boots Alliance, Inc. reported income for the quarter of $ 1.02 per share, beat the consensus estimate of $ 0.96 income per share by $ 0.06 or 6.25 percent.
The quarterly earnings fell 42.67 percent compared with the same quarter last year.
Walgreens Boots Alliance, Inc. had revenue of $ 34,746.00 million for the quarter, compared to the consensus estimate of $ 34371.60 million. The revenues outshined analysts estimates by $ 374.40 million or 1.09 percent.
The financial report showed revenues surged 2.33 percent versus fourth quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Executive Vice Chairman and CEO Stefano Pessina said, I am pleased to report results that came in at the high end of our expectations as we continue to adapt and transform our business model to changing customer needs. Despite uncertainty amid the global COVID-19 pandemic, we are seeing gradual improvement in key U.S. and UK markets and continued strong performance in our wholesale business.
The company today introduced fiscal 2021 guidance of low single-digit growth in adjusted earnings per share at constant currency rates. While the company anticipates a gradual reduction in COVID-19 impacts, the first half results will continue to be negatively impacted when compared with the pre-COVID-19 first half of fiscal 2020. However, for the second half, the company anticipates strong adjusted EPS growth, as these effects subside and recovery plans take hold in key markets.
