Those eligible to receive the COVID vaccine can schedule an appointment at Walgreens by visiting. 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. Walgreens has provided more than 11 million COVID vaccinations. 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. 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. 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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