This is a FullyInformed USA Members Trade Alert and discussion article.
Walgreens Boots Alliance beat analysts’ estimates in both revenue and earnings for the latest quarter yesterday. After adjustments earnings came in at $1.18, a full 23 cents higher than estimates. Sales rose 35 percent to $26.57 billion from $19.61 billion a year earlier.
This is the first quarterly results since Walgreen and Alliance Boots merged on December 31 2014. Sales moving forward may not reflect such a large jump although the forward-looking guidance is quite optimistic.
Meanwhile the company announced it is closing 200 non-performing stores and opening up the same number of new stores in areas deemed more attractive for sales. All totaled there are 8,232 drugstores in the U.S., Puerto Rico and the Virgin Islands. This restructuring will be over a three-year period and the company believes it will improve the bottom line by about $1 billion. They also announced plans that they believe will cut costs by $1.5 billion by the end of 2017.
Forward guidance estimates placed their earnings ………. the rest of this trade alert and strategy discussion is for USA Members.
Walgreens Boots Alliance Stock (WBA) Trade Alert for Apr 10 2015
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