![]() The company expects full-year profit in the range of $4.45 to $4.65 per share, the top end of which came above analysts’ expectations of $4.53.Īrun Sundaram, senior equity analyst at CFRA Research, said Wall Street expectations for Walgreens 2023 guidance had “come down meaningfully” especially after rival Rite Aid cut its full-year forecast in September and flagged concerns of sustained pressure on consumer spending and supply chain challenges.Įxcluding items, the company earned $0.80 per share in the fourth quarter, compared with Refinitiv IBES estimates of $0.77. Healthcare business,” Chief Executive Officer Rosalind Brewer said in a statement. “Fiscal 2023 will be a year of accelerating core growth and rapidly scaling our U.S. The COVID-19 vaccine offers different protection than the flu shot. The flu shot and COVID-19 vaccines are different. Even if youre already vaccinated against COVID-19. It brought in sales of $622 million in the fourth quarter.įor 2023, Walgreens said its expects strong growth in its core business to offset waning demand for COVID related products and services. Do I need a flu shot too You should absolutely get the flu shot. The unit provides pharmacy and primary care services in stores, at home or a doctor’s office and via mobile app. Walgreens launched Walgreens Health last year as part of its efforts to diversify its business. pharmacies, rose nearly 7% in premarket trading after the company forecast a higher full-year profit. Shares of Walgreens, one of the largest U.S. (Reuters) -Walgreens Boots Alliance Inc reported a better-than-expected quarterly profit on Thursday as strength in its newly launched consumer health business helped offset waning COVID vaccination demand.
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