earnings
confidence high
sentiment negative
materiality 0.90
WBA Q2 loss per share $6.85 on $5.8B VillageMD impairment; adj EPS $1.20, sales up 6.3%, guidance narrowed to $3.20-3.35
Walgreens Boots Alliance, Inc.
2024-Q2 EPS reported
-$6.93
revenue$73,760,000,000
- GAAP loss per share $6.85 vs EPS $0.81 YoY; includes $5.8B after-tax non-cash VillageMD goodwill impairment.
- Adjusted EPS $1.20, up 3.4% (2.8% constant currency), on sales $37.1B (+6.3% YoY).
- Fiscal 2024 adjusted EPS guidance narrowed to $3.20-3.35 from prior range; U.S. Healthcare achieved adjusted EBITDA profitability.
- Actions: cost savings target $1B, strategic portfolio review over next 3 months, early wind-down of sale-leaseback program.
- Cencora share sales and challenging retail environment cited as headwinds; lower adjusted effective tax rate provides offset.