Walgreens Boots Alliance Posts Strong Revenue Growth In 2Q FY2016

Walgreens Boots Alliance reported net earnings grew 14.4 percent to $1.4 billion in the second quarter of fiscal year 2016, compared with the same period of the previous year. Net sales jumped 13.6 percent to $30.2 billion, compared with the same quarter a year ago, with foreign currency translation adversely affecting sales by about 2.4 percent or $750 million. Operating cash flow reached $2.4 billion in the quarter, the company said.