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Walgreens results worse than贵阳性息网桑拿 expected af

时间:2020-07-09 22:08   作者:admin 点击:
贵阳桑拿Walgreens Boots Alliance Inc. reported worse-than-expected results for the third quarter, saying it plans to cut 4,000 jobs and suspend share buybacks as it wrestles with the effects of the coronavirus pandemic on it business.
The drugstore giant posted a loss of US$1.71 billion, or US$1.95 a share. On an adjusted basis, earnings per share came to 83 cents. Analysts surveyed by Bloomberg expected adjusted earnings of US$1.19 a share.
 
Key Insights
 
Drugstores are seeing rapid shifts in U.S. consumer behavior driven by COVID-19. People rushed to stock up on prescriptions and toilet paper in March. Sales were essentially flat compared with the same quarter a year earlier, at US$34.6 billion. Comparable sales at U.S. drugstores rose 3 per cent.
 
Walgreens said fewer visits to doctors’ offices and hospitals weighed on prescription volumes. Prescriptions filled at its U.S. drugstores fell 1.3 per cent compared with the year-ago quarter, though volumes have shown “steady improvement” since the end of May.
 
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The pandemic also took a big bite out of Walgreens’ overseas business. The company took a US$700 million to US$750 million sales hit, primarily in the U.K., causing Walgreens to record a US$2 billion impairment charge.
 
To help expand its health-care offerings, Walgreens said Wednesday it plans to open as many as 700 doctors’ offices in its drugstores over the next five years. Rival CVS has already made big steps in that direction by buying insurer Aetna and making over stores to focus on patient care.
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