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Walgreens Boots Alliance Reports Fiscal 2018 Second Quarter Results
Second quarter highlights
|||GAAP diluted net earnings per share were $1.36, up 38.8 percent from the year-ago quarter; Adjusted diluted net earnings per share increase 27.2 percent to $1.73|
|||GAAP net earnings attributable to Walgreens Boots Alliance increase 27.3 percent, to $1.3 billion; Adjusted net earnings attributable to Walgreens Boots Alliance increase 16.6 percent to $1.7 billion|
|||Sales increase 12.1 percent to $33.0 billion|
|||GAAP operating income increases 33.9 percent to $2.0 billion; Adjusted operating income increases 7.3 percent to $2.2 billion|
|||GAAP net cash provided by operating activities was $2.2 billion; Free cash flow was $1.9 billion|
|||Company raises the lower and upper ends of its guidance and now anticipates fiscal 2018 adjusted diluted net earnings per share of $5.85 to $6.05|
|||Company expects cash tax benefit from U.S. tax law changes in excess of $350 million in fiscal 2018, compared with previously announced estimate of more than $200 million|
DEERFIELD, Ill., 28 March 2018Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced financial results for the second quarter of fiscal 2018, which ended 28 February 2018.
Executive Vice Chairman and CEO Stefano Pessina said, Our growth strategy of increasing and consolidating volume, differentiating ourselves through value and quality of service, and controlling costs is bearing fruit across our businesses. This is reflected in another good set of financial results in which we delivered the highest sales growth in eight quarters, as well as strong cash generation and record U.S. pharmacy market share. We expect to continue to grow, in part through the recent acquisition of stores from Rite Aid, and today we are raising our fiscal 2018 guidance.
Overview of Second Quarter Results
Fiscal 2018 second quarter net earnings attributable to Walgreens Boots Alliance determined in accordance with GAAP increased 27.3 percent to $1.3 billion compared with the same quarter a year ago, while GAAP diluted net earnings per share increased 38.8 percent to $1.36 compared with the same quarter a year ago.
Adjusted fiscal 2018 second quarter net earnings attributable to Walgreens Boots Alliance1 increased 16.6 percent to $1.7 billion, up 15.1 percent on a constant currency basis, compared with the same quarter a year ago. Adjusted diluted net earnings per share for the quarter increased 27.2 percent to $1.73, up 25.7 percent on a constant currency basis, compared with the same quarter a year ago.
The following information was filed by Walgreens Boots Alliance, Inc. (WBA) on Wednesday, March 28, 2018 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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