Exhibit 99.1

 

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Walgreens Boots Alliance Reports Fiscal 2017 Third Quarter Results

Third quarter highlights

 

    GAAP diluted net earnings per share increase 5.9 percent from the year-ago quarter, to $1.07; Adjusted diluted net earnings per share increase 12.7 percent to $1.33, up 14.4 percent on a constant currency basis

 

    GAAP net earnings attributable to Walgreens Boots Alliance increase 5.3 percent, to $1.2 billion; Adjusted net earnings attributable to Walgreens Boots Alliance increase 11.9 percent to $1.4 billion, up 13.6 percent on a constant currency basis

 

    Sales increase 2.1 percent to $30.1 billion, an increase of 5.0 percent on a constant currency basis

 

    GAAP operating income decreases 1.0 percent to $1.5 billion; Adjusted operating income increases 5.5 percent to $1.9 billion, up 7.5 percent on a constant currency basis

 

    GAAP net cash provided by operating activities was $1.9 billion; Free cash flow was $1.6 billion

Fiscal 2017 guidance

 

    Company raises the lower end of its guidance for fiscal year 2017 by 8 cents per share and now anticipates adjusted diluted net earnings per share of $4.98 to $5.08

Share repurchase program

 

    Company authorizes $5 billion share repurchase program

DEERFIELD, Ill., 29 June 2017 - Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced financial results for the third quarter of fiscal 2017, which ended 31 May 2017.

Executive Vice Chairman and CEO Stefano Pessina said, “Our results this quarter continued to meet our expectations as strategic partnerships brought more patients to our U.S. pharmacies. This led to our highest reported quarterly retail prescription market share in the U.S. Our ongoing cost transformation program continues to bear fruit and we remain confident in the long term growth of our company.”

Overview of Third Quarter Results

Fiscal 2017 third quarter net earnings attributable to Walgreens Boots Alliance determined in accordance with GAAP increased 5.3 percent to $1.2 billion compared with the same quarter a year ago, while GAAP diluted net earnings per share increased 5.9 percent to $1.07 compared with the same quarter a year ago. The increases in GAAP net earnings and GAAP net earnings per share primarily reflect a lower effective tax rate.

Adjusted fiscal 2017 third quarter net earnings attributable to Walgreens Boots Alliance1 increased 11.9 percent to $1.4 billion, up 13.6 percent on a constant currency basis, compared with the same quarter a year ago. Adjusted diluted net earnings per share for the quarter increased 12.7 percent to $1.33, up 14.4 percent on a constant currency basis, compared with the same quarter a year ago.

Sales in the third quarter were $30.1 billion, an increase of 2.1 percent from the year-ago quarter, and an increase of 5.0 percent on a constant currency basis.

GAAP operating income in the third quarter was $1.5 billion, a decrease of 1.0 percent from the same quarter a year ago. Adjusted operating income in the third quarter was $1.9 billion, an increase of 5.5 percent from the same quarter a year ago, and an increase of 7.5 percent on a constant currency basis.


The following information was filed by Walgreens Boots Alliance, Inc. (WBA) on Thursday, June 29, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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