Edition:
India

Walgreens Boots Alliance Reports Q1 Ad EPS Of $1.46


Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Walgreens Boots Alliance Inc ::WALGREENS BOOTS ALLIANCE REPORTS FISCAL 2019 FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.46.Q1 EARNINGS PER SHARE $1.18.Q1 EARNINGS PER SHARE ESTIMATE $1.43 -- REFINITIV IBES DATA.COMPANY MAINTAINED ITS GUIDANCE OF 7 PERCENT TO 12 PERCENT GROWTH IN FISCAL 2019 ADJUSTED EPS AT CONSTANT CURRENCY RATES.TO LAUNCH TRANSFORMATIONAL COST MANAGEMENT PROGRAM.COST MANAGEMENT PROGRAM, IS TARGETING ANNUAL COST SAVINGS IN EXCESS OF $1 BILLION BY END OF THIRD YEAR.RETAIL PHARMACY USA HAD Q1 SALES OF $25.7 BILLION, AN INCREASE OF 14.4 PERCENT OVER YEAR-AGO QUARTER.QTRLY SALES INCREASED 9.9 PERCENT TO $33.8 BILLION.RETAIL PHARMACY INTERNATIONAL HAD Q1 SALES OF $2.9 BILLION, A DECREASE OF 5.9 PERCENT FROM YEAR-AGO QUARTER.ASPECTS OF INITIATIVES WOULD RESULT IN SIGNIFICANT RESTRUCTURING AND OTHER SPECIAL CHARGES AS THEY ARE IMPLEMENTED.RECOGNIZED CUMULATIVE PRE-TAX CHARGES OF $30 MILLION FOR THREE MONTHS ENDED NOVEMBER 30, 2018.COST MANAGEMENT PROGRAM INCLUDES DIVISIONAL OPTIMIZATION INITIATIVES, GLOBAL SMART SPENDING, GLOBAL SMART ORGANIZATION.COST MANAGEMENT PROGRAM INCLUDES DIGITALIZATION OF ENTERPRISE.WALGREENS BOOTS ALLIANCE - PRE-TAX CHARGES OF $30 MILLION PRIMARILY RELATE TO RETAIL BUSINESSES IN CHILE & MEXICO, IN RETAIL PHARMACY INTERNATIONAL DIVISION.DIVISIONAL OPTIMIZATION INCLUDES COST REDUCTION ACTIVITIES IN PHARMACEUTICAL WHOLESALE DIVISION.QTRLY RETAIL PHARMACY USA COMPARABLE PHARMACY SALES INCREASED 2.8 PERCENT.