Walgreens Boots Alliance’s Profit Up On Revenue Slide

Walgreens Boots Alliance reported a rise in fiscal 2017 first quarter (ended November 30, 2016) diluted EPS of 6.8 percent to $1.10, but sales decreased 1.8 percent to $28.5 billion (a rise of 1.1 percent on a constant currency basis). The company is raising the lower end of its fiscal year guidance by five cents a share, and now expects adjusted diluted net EPS of $4.90 to $5.20. CEO Stefano Pessina said the company was “pleased” with first quarter performance, but growth in the second half of the fiscal year will “reflect the new strategic pharmacy partnerships we announced last year.” [ Image credit: © Anthony92931 ]