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6/30, 1:03 PM (Source: TeleTrader)
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Walgreens sales fall 4.2% to $32.6 billion in Q3

Walgreens Boots Alliance Inc. revealed on Thursday that its sales from continuing operations in the third quarter decreased 4.2% year-over-year to land at $32.6 billion.

Furthermore, Walgreens' third-quarter earnings per share (EPS) fell 73.8% to $0.33, in comparison to the EPS of $1.27 in the same period of 2021. Likewise, the company's operating income dropped to a loss of $320 million, compared to an income of $1.1 billion in last year's Q3.

"WBA delivered strong execution across operating segments and against very robust growth last year. Third-quarter results were broadly in line with our expectations, demonstrating the resilience of our business through our deep community connections and relevance to consumers," CEO Rosalind Brewer commented on the report.

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