HALISTER: Walgreens Boots 4Q Adj. EPS Beats, Now Sees RAD Close Early ’17

Walgreens Boots 4Q Adj. EPS Beats, Now Sees RAD Close Early ’17

(Bloomberg) -- Walgreens Boots sees FY17 adj. EPS $4.85-$5.20, est. $5.01 (range $4.81-$5.20).
  • Forecast assumes 5c-12c gain from Rite Aid
  • Now sees RAD deal closing in early 2017, expects to be able to execute agreements to divest stores by end of 2016
  • Remains engaged with FTC regarding its review, still sees required divestitures of 500-1,000 stores as most likely outcome
  • 4Q adj. EPS $1.07, est. 99c
  • 4Q revenue $28.6b, est. $29.07b
  • 4Q Retail Pharmacy USA comp. sales rose 3.2% y/y
    • Comp. pharmacy sales up 5% y/y, comp. retail sales down 0.3%
  • Conf. call 8:30am; see webcast link, or listen on LIVE
  • Analysts were cautious on FY17 forecast; see earnings preview
Link to statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
WBA US (Walgreens Boots Alliance Inc)

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