Walgreens Boots Alliance Reports Strong Income Spike In 1Q Of FY2016

Walgreens Boots Alliance reported net earnings grew 30.6 percent to $1.1 billion in the first quarter of fiscal 2016, compared with the same quarter of the previous year. GAAP net earnings per diluted share rose 13.5 percent to $1.01 during the same period. Adjusted net earnings for the quarter increased 51.1 percent, while net earnings per diluted share grew 32.1 percent to $1.03. Net sales in the quarter rose 48.5 percent to $29.0 billion, compared with the same quarter in the previous year, with the inclusion of Alliance Boots consolidated results.