Walgreens Sales Rise, But Profit Falls 25%

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Walgreens' sales and earnings fell short of expectations, but it reiterated its earnings outlook for the year

Walgreens Boots Alliance Inc.’s sales and earnings for its latest quarter fell short of what Wall Street was guiding, but the drugstore chain reiterated its earnings outlook for the year.

Sales at Walgreens rose less than 2% in the quarter ended Nov. 30, hitting $34.3 billion, less than analysts polled by FactSet were expecting.

Source: News Formal (newsformal.com)

 

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