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Thursday, July 9, 2020

-=Walgreens Boots Alliance (WBA) reported earnings on Thur 9 July 20 (b/o)

Quarterly Div / Yield
0.4575 / 4.73%  (now 0.4675)

Walgreens Boots Alliance misses by $0.39, reports revs in-line; guides FY20 EPS below consensus; raises dividend

  • Reports Q3 (May) earnings of $0.83 per share, $0.39 worse than the S&P Capital IQ Consensus of $1.22; revenues rose 0.1% year/year to $34.63 bln vs the $34.32 bln S&P Capital IQ Consensus.
    • Co experienced adverse sales impact of approximately $700 million to $750 million, almost entirely from the company's non-U.S. businesses
    • Both operating income and adjusted operating income included an adverse impact of $700 million to $750 million from the above items, or $0.61 to $0.65 per share, excluding impairment charges
  • Co issues downside guidance for FY20, sees EPS of $4.65-4.75 vs. $5.49 S&P Capital IQ Consensus.
    • Guidance includes estimated adverse COVID-19 impacts of $1.03 to $1.14 per share.
  • Dividend Increase and Share Repurchase Program Update
    • On July 8, 2020 the WBA board of directors declared a quarterly dividend of 46.75 cents per share, an increase of 2.2 percent. The increased dividend is payable September 11, 2020 to stockholders of record as of August 19, 2020, and raises the annual rate from $1.83 per share to $1.87 per share.
    • The company also announced that it was suspending activity under its share repurchase program.
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