Walgreens forecasts 2021 profit growth after fourth-quarter earnings beat

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Walgreens forecasts 2021 profit growth after fourth-quarter earnings beat

cbaker_admin
Fri, 10/16/2020 – 15:30

Walgreens Boots Alliance, fresh from reporting better-than-expected profit in the fourth quarter, is projecting healthy profit growth for the second half of next year. With the impact from the COVID-19 pandemic abating and a corporate recovery plan in hand, the company believes single-digit profit growth is within reach for 2021. Walgreens’ outlook is already improving, with higher sales at U.S. pharmacies helping it to top analysts’ projections of 96 cents per share in earnings. Excluding items, the company registered earnings of $1.02 per share.