Walgreens Boots Alliance, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2024
June 27, 2024 at 04:30 pm IST
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Walgreens Boots Alliance, Inc. reported earnings results for the third quarter and nine months ended May 31, 2024. For the third quarter, the company reported sales was USD 36,351 million compared to USD 35,415 million a year ago. Sales was USD 36,351 million compared to USD 35,415 million a year ago. Net income was USD 344 million compared to USD 118 million a year ago. Net income was USD 344 million compared to USD 118 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.14 a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.14 a year ago.
For the nine months, sales was USD 110,111 million compared to USD 103,659 million a year ago. Sales was USD 110,111 million compared to USD 103,659 million a year ago. Net loss was USD 5,631 million compared to USD 2,900 million a year ago. Net loss was USD 5,631 million compared to USD 2,900 million a year ago. Basic loss per share from continuing operations was USD 6.53 compared to USD 3.36 a year ago. Basic loss per share from continuing operations was USD 6.53 compared to USD 3.36 a year ago. Diluted loss per share from continuing operations was USD 6.53 compared to USD 3.36 a year ago. Diluted loss per share from continuing operations was USD 6.53 compared to USD 3.36 a year ago.
Walgreens Boots Alliance, Inc. specializes in the distribution of pharmaceutical products. Net sales break down by activity as follows:
- retail distribution (87.2%): selling prescription drugs, OTC medicines, beauty and cosmetic products, etc. in the United States (90.9% of net sales) and internationally (9.1%). At the end of August 2023, the activity is carried out through 13,532 outlets (of which 8,706 located in the United States, Puerto Rico and the US Virgin Islands), and through the Internet;
- wholesale distribution (8.1%).
The remaining sales (4.7%) are from the healthcare
Net sales break down geographically as follows: the United States (84%), Germany (8.1%), the United Kingdom (6.5%) and other (1.4%).
WALGREENS BOOTS ALLIANCE, INC. 
