Walgreens Boots Alliance Reports Fiscal 2022 Second Quarter Results

Second quarter highlights:
Second quarter earnings per share (EPS) from continuing operations was $1.02, a decrease compared with an EPS of $1.06 in the year-ago quarter; continuing operations adjusted** EPS increased 25.9 percent to $1.59, up 26.5 percent on a constant currency basis
*Second quarter sales from continuing operations increased 3.0 percent over the year-ago quarter to $33.8 billion, up 3.8 percent on a constant currency basis
*Second quarter operating income from continuing operations increased to $1.2 billion, compared with operating income of $832 million in the year-ago quarter; adjusted operating income from continuing operations increased to $1.7 billion, up 35.9 percent on a constant currency basis

Chief Executive Officer Rosalind Brewer said: “Second quarter results demonstrated broad-based execution, driving strong comparable sales and robust earnings growth. We continue to make important strides along our strategic priorities, building a consumer-centric, technology-enabled healthcare enterprise at the center of local communities. VillageMD and Shields are delivering tremendous pro forma sales growth compared to their year-ago standalone results, and our Walgreens Health segment is on track toward long-term targets. The strategic review of our Boots business is progressing, and our transformational actions are accelerating sustainable value creation.”

Overview of Second Quarter Results
WBA second quarter sales from continuing operations increased 3.0 percent from the year-ago quarter to $33.8 billion, an increase of 3.8 percent on a constant currency basis. The performance reflects sales growth at Walgreens and in the International segment, and sales contributions from the Walgreens Health segment due to the recent acquisitions and consolidation of VillageMD and Shields, partly offset by a decline in sales at AllianceRx Walgreens.

Operating income from continuing operations was $1.2 billion in the second quarter compared to operating income of $832 million in the year-ago quarter. Adjusted operating income from continuing operations was $1.7 billion, an increase of 35.9 percent on a constant currency basis. The increases reflect strong adjusted gross profit growth across both pharmacy and retail in the United States and a continued rebound in International segment sales and profitability, partly offset by growth investments in Walgreens Health.

Net earnings from continuing operations were $883 million in the second quarter compared to $922 million in the year-ago quarter, reflecting robust operating performance offset by the company’s equity investments, including the lapping of a gain on the partial sale of the company’s equity method investment in Option Care Health in the year-ago quarter. Adjusted net earnings from continuing operations increased 25.8 percent to $1.4 billion, up 26.4 percent on a constant currency basis compared with the year-ago quarter.
details at: https://www.walgreensbootsalliance.com/news-media/press-releases/2022/walgreens-boots-alliance-reports-fiscal-2022-second-quarter-results

Related Posts

Innovation distinguishes between a leader and a follower…

To be innovative, we can't merely look and mimic what others have done before. The whole idea of blazing a new path is that there was no path there before. Steve Jobs really hit the nail on the head when he said: “Innovation distinguishes between a leader and a follower…”. When one of the biggest awards night in the magazine industry calendar is loudly caveated by just how depressing and difficult the media industry is right now, it feels like the already battered brows are taking another beating. How disappointing on what is meant to be a night of celebration. For one, my table was upbeat, and it was for good reason. Not only for the optimism of four nominations to celebrate, but we have just closed our best ever month, our biggest issues and record revenue performances across our global titles in our 24 year history. In my opinion, the industry needs to stop crying into its champagne glasses and start celebrating the fabulous medium of magazines, the opportunities they pose and find new and innovative ways to get to the huge audience and bustling markets. Click Read More below for additional information.

Grainger Reports Results for the Second Quarter 2022

Sales on a reported and daily basis in the quarter increased 19.6% as compared to the second quarter of 2021. Excluding the unfavorable foreign exchange impact of 2.4%, sales on a daily, constant currency basis were up 22.0% compared to the second quarter of 2021. Gross profit margin for the second quarter of 2022 was 37.6%, a 255 basis point increase compared to the second quarter of 2021. The increase was driven by favorability in both segments and includes the lap of a $63 million pandemic product inventory adjustment in the prior year period within the High-Touch Solution N.A. segment. Operating earnings for the second quarter of 2022 of $534 million were up 60% versus the second quarter of 2021. Operating margin in the quarter of 13.9% increased 350 basis points over the second quarter of 2021 on stronger gross margins in both segments combined with 95 basis points of SG&A leverage gained on strong top-line growth.

HMH Supports K-12 School Districts Nationwide as They Prepare for Remote and Hybrid Teaching and Learning This Fall

As districts grapple with decisions on what the fall will look like for teachers and students amid the surging COVID-19 pandemic, Learning Company Houghton Mifflin Harcourt today announced new professional learning opportunities for educators nationwide. This follows the recent launch of Teacher’s Corner™, a new online space for continuous professional learning through HMH’s digital teaching and learning platform, Ed: Your Friend in Learning and another solution within HMH’s suite of professional learning offerings. HMH’s all-new live online professional learning will help districts navigate the unique challenges facing them this back-to-school season, including addressing student learning gaps, training for remote teaching, supporting social-emotional needs and improving equity and access. Professional learning consultants, who are teachers themselves, provide a digital ‘shoulder to shoulder’ experience partnering with educators via live online courses and coaching through HMH’s award-winning Coaching Studio™ platform, with a focus on each district’s needs and goals.
Back To Top
×Close search
Search