Walgreens's disappointing fiscal Q3

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Walgreens's disappointing fiscal Q3

Shares of Walgreens fell 8% and have plunged nearly 35% this year.

Staff or Guest writer for The Dog of Wall Street.

2020-07-09 19:36

As expected COVID-19 the main factor of a disappointing fiscal Q3 earnings. Here the numbers:

Adjusted per-share earnings are down 43.8% from $1.47 in the same period of the year prior
Operating loss of $1.58 billion vs. operating income of $1.2 billion in fiscal Q3 2019
GAAP losses per share is $1.95
Free cash flow increased 23.7% to $2.4 billion

Walgreens's disappointing fiscal Q3 \

Even though COVID-19 has affected the company greatly, Stefano Pessina - Executive Vice Chairman & CEO said the following:

Despite the challenges have come, we continue to be a well positioned company with robust and defendable cash flow and a solid balance sheet. This will allow us to invest with confidence in our business at a time when many other companies do not have the same capability.

WBA stock was down 9% as of Thursday morning.

Disclaimer: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

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Published On

2020-07-09 19:36

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Staff or Guest writer for The Dog of Wall Street.

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