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4/2, 1:04 PM (Source: TeleTrader)
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Walgreens posts Q2 revenue at $35.8B, up 4% YoY

Walgreens Boots Alliance Inc. reported on Thursday its revenue in the second fiscal quarter of 2020 amounted to $35.8 billion, a 4% rise year-over-year. Adjusted perating income decreased 12% to $1.7 billion, while adjusted earnings per share dropped 7% to $1.52.

Net cash flow by operating activities in the first half of fiscal 2020 was $2.5 billion, an increase of $1.3 billion compared with the same period a year ago, with free cash flow rising $1.4 billion to $1.8 billion.

"During these unprecedented times of global uncertainty, Walgreens Boots Alliance is on the front lines of combating the COVID-19 pandemic. Our number one priority is to continue to provide essential services, products and information at this critical moment of need, demonstrating our unwavering commitment to our customers and patients, and to our people," CEO Stefano Pessina said.

The company warned of the uncertainty regarding the COVID-19 pandemic, stating it will provide updates in the next earnings report when the potential positive and negative effects of the outbreak will be known in more detail.

Breaking the News / MD