Walgreens Boots Alliance Q2 Adjusted EPS $1.20 Beats $0.82 Estimate, Sales $37.05M Miss $35.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Walgreens Boots Alliance (WBA) reported Q2 adjusted EPS of $1.20, surpassing the $0.82 estimate, marking a 46.34% beat and a 3.45% increase from last year's $1.16. However, Q2 sales of $37.05M drastically missed the $35.86B estimate, representing a 99.90% miss and a 99.89% decrease from last year's $34.86B.
March 28, 2024 | 11:01 am
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WBA's Q2 earnings exceeded expectations with an EPS of $1.20, a 46.34% beat, and a 3.45% YOY increase. However, sales significantly missed estimates, reporting $37.05M against the expected $35.86B, a 99.90% miss and a 99.89% YOY decrease.
While the EPS beat is positive, the significant miss in sales by 99.90% compared to estimates and a 99.89% decrease YOY is likely to have a negative impact on investor sentiment and WBA's stock price in the short term. The drastic sales miss overshadows the earnings beat due to its potential implications on the company's financial health and future growth prospects.
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IMPORTANCE 100
RELEVANCE 100