hhlooki.blogg.se - Walgreens covid testing

It also had costs associated with its long-term cost management program, as it shuttered some stores. On a call with investors, Global CFO James Kehoe said Walgreens' profit took the biggest hit from a $780 million noncash impairment charge in its Boots UK business related to trademarks and licenses.

Its net loss was $415 million, or 48 cents per share, compared with net income of $627 million, or 72 cents per share, a year earlier. Including certain costs, Walgreens swung to a loss in the three-month period. Sales declined from the previous year's quarter.

Earnings per share: 80 cents, adjusted, vs.

Here's what the company reported compared with what analysts were expecting for its fourth quarter ended Aug. "At the same time, we know that health and wellness will always be a priority and increasingly so after Covid-19." "With inflation at four-decade highs, consumers are expressing uncertainty about the future and seeking value," she said. Plus, she said, more people recognize the importance of investing in their health.

And she said it sells many "need now categories" from toothpaste to medication. It has expanded alternative revenue streams, including its advertising business. Unlike big-box retailers, she said the drugstore chain does not depend on the sale of big-ticket items. On a call with investors, Walgreens CEO Roz Brewer acknowledged the tougher economic backdrop, but said the company is in a good position. Walgreens reported its earnings on the same day as a hotter-than-expected inflation report from the government. The company's shares rose over 5% Thursday.