COVID-19 vaccines give Walgreens an edge

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COVID-19 vaccines give Walgreens an edge
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Walgreens administered 15.6 million COVID-19 vaccinations and 6.5 million tests in the first quarter. It has also administered over 9 million booster doses to date.

The retailer posted first quarter sales of $33.9 billion, up 7.8% year-over-year, on a quarterly profit of $3.6 billion, or $4.13 per share, up from a loss of $391 million, or 45 cents per share, a year ago. Adjusted EPS from continuing operations was $1.68.

Looking ahead, Walgreens is now forecasting adjusted earnings per share guidance of low-single digit growth, up from flat previously. The company's U.S. segment posted first quarter sales of $28 billion, up 3.2% year-over-year, held back by a decline in the AllianceRx Walgreens Prime business. Comparable sales increased 7.9% from the year-ago quarter, pharmacy sales excluding the AllianceRx Walgreens Prime business grew 5.8% year-over-year and comparable pharmacy sales climbed 6.

Walgreens posted total first quarter sales of $33.9 billion, up 7.8% year-over-year, on a quarterly profit of $3.6 billion, or $4.13 per share, up from a loss of $391 million, or 45 cents per share, a year ago. Adjusted EPS from continuing operations

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