Excluding items, Walgreens Boots Alliance earned $1.16 per share in the first quarter, above Refinitiv IBES estimates of $1.14 a share
in November last year agreed to pay about $13.8-billion to resolve thousands of U.S. state and local lawsuits accusing the pharmacy chains of mishandling opioid pain drugs.
Walgreens, which had been relying on gains from administering COVID-19 vaccines to tide over losses from low prescription volumes due to the pandemic, has seen demand for the shots fall in recent quarters. The company in October said it expected prescription volumes to recover in 2023 but warned that “lower COVID activity would continue to be a sizeable headwind.”
It administered about 8 million vaccines in the first quarter, which saw pharmacy sales drop about 4 per cent even as demand for cough and cold drugs has been high amid one of the worst U.S. flu seasons in a decade.Net loss attributable to Walgreens was $3.72-billion, or $4.31 per share, for the quarter ended Nov. 30, compared with a profit of $3.58-billion, or $4.13 per share, a year earlier including a one-time gain of $2.5-billion.
Excluding items, the company earned $1.16 per share in the first quarter, above Refinitiv IBES estimates of $1.14 a share.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OPEC oil output rose in December on recovery in Nigerian supply, survey findsThe rise in output in December came despite an agreement by the wider OPEC+ alliance to cut production to support the market
Read more »
Canadian oil sands producers to begin evaluating proposed carbon storage siteThe Pathways Alliance is proposing a carbon capture and storage hub that will gather and store emissions from 14 oil sands projects in northern Alberta by 2030
Read more »
'Lives are at risk:' Renfrew County officials warn of tainted drugsHealth officials in Renfrew County are warning about a potentially tainted batch of illegal drugs in the community after several overdoses in the past week.
Read more »
Multiple charges laid after handguns and drugs discovered in Richmond Hill traffic stopYork police have charged two 22-year-olds with multiple offences after firearms and drugs were discovered in the backseat of their vehicle during a traffic stop.
Read more »
Multiple charges laid at Richmond Hill traffic stop after handguns and drugs discoveredYork police have charged two 22-year-olds with multiple offences after firearms and drugs were discovered in the backseat of their vehicle during a traffic stop.
Read more »
Guns, drugs seized in Richmond Hill traffic stopTwo guns and an undisclosed quantity of drugs were seized in a traffic stop in Richmond Hill.
Read more »