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Walgreens Boots Alliance (WBA) Q1 2022 earnings

An individual enters a Walgreens retailer in San Francisco, California, U.S., on Tuesday, April 13, 2021.

David Paul Morris | Bloomberg | Getty Photos

Walgreens Boots Alliance on Thursday exceeded analysts’ expectations for the fiscal first-quarter and raised its forecast for the yr, as prospects got here to its shops for Covid vaccines and testing.

The pharmacy chain’s shares rose greater than 2% in premarket buying and selling.

Here is what Walgreens reported in contrast with what analysts had been anticipating for the primary quarter ended Nov. 30, based mostly on Refinitiv knowledge:

  • Earnings per share: $1.68 adjusted vs. $1.33 anticipated
  • Income: $33.90 billion vs. $32.74 billion anticipated

Within the quarter, web earnings rose to $3.58 billion, or $4.13 per share, in contrast with a web lack of $308 million, or 36 cents per share, a yr earlier.

Excluding gadgets, the corporate earned $1.68 per share, topping the $1.33 anticipated by analysts surveyed by Refinitiv.

Gross sales rose to $33.90 billion from $31.44 billion a yr earlier, increased than the $32.74 billion that analysts anticipated.

Walgreens shares closed Wednesday at $54.00, up almost 1%. The corporate’s shares have risen 31% over the previous 12 months, bringing its market worth to $46.74 billion.

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