Exhibit 99.1

 

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Walgreens Boots Alliance Reports Fiscal Year 2018 Results

Delivers Double Digit Percentage Growth in Earnings Per Share (EPS)

Fiscal 2018 Walgreens Boots Alliance highlights, year-over-year

 

   

Sales increased 11.3 percent to $131.5 billion

 

   

Operating income increased 15.4 percent to $6.4 billion; Adjusted operating income increased 3.5 percent to $7.8 billion

 

   

EPS increased 33.6 percent to $5.05; Adjusted EPS increased 18.0 percent to $6.02

 

   

Net cash provided by operating activities was $8.3 billion; Free cash flow was $6.9 billion

Fourth quarter highlights, year-over-year

 

   

Sales increased 10.9 percent to $33.4 billion

 

   

Operating income increased 35.6 percent to $1.5 billion; Adjusted operating income increased 0.1 percent to $1.9 billion

 

   

EPS more than doubled to $1.55; Adjusted EPS increased 13.0 percent to $1.48

Fiscal 2019 guidance

 

   

Company introduced guidance of 7 percent to 12 percent growth in fiscal 2019 adjusted EPS at constant currency rates

 

   

At current exchange rates this results in an estimated range of $6.40 to $6.70 for fiscal 2019 adjusted EPS

DEERFIELD, Ill., October 11, 2018 - Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced financial results for the fiscal year and fourth quarter that ended August 31, 2018.

Executive Vice Chairman and CEO Stefano Pessina said, “We are pleased to have delivered double digit percentage growth in earnings per share while returning $6.8 billion to shareholders through share repurchases and dividends in fiscal 2018. The integration of the acquired Rite Aid stores is on track, and our pharmacy market share in the U.S. increased year-over-year on an annual basis. We are making progress on our partnership strategy both in the U.S. and internationally, including our most recent announcements with LabCorp, Kroger and Alibaba, which will provide additional opportunities for future growth.”

Overview of Fiscal Year Results

Fiscal 2018 net earnings attributable to Walgreens Boots Alliance increased 23.2 percent to $5.0 billion, while net earnings per share1 increased 33.6 percent to $5.05, compared with the prior year.

Adjusted net earnings attributable to Walgreens Boots Alliance2 in fiscal 2018 increased 8.8 percent to $6.0 billion, up 8.0 percent on a constant currency basis, compared with the prior year. Adjusted earnings per share increased 18.0 percent to $6.02, up 17.1 percent on a constant currency basis, compared with the prior year.

Sales increased 11.3 percent to $131.5 billion in fiscal 2018 compared with the prior year. On a constant currency basis, sales increased 10.0 percent.

Operating income in fiscal 2018 was $6.4 billion, an increase of 15.4 percent from the prior year. Adjusted operating income was $7.8 billion, an increase of 3.5 percent, and an increase of 2.9 percent on a constant currency basis.

 

1


The following information was filed by Walgreens Boots Alliance, Inc. (WBA) on Thursday, October 11, 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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