12/8/2023 0 Comments Walgreens picture costWe are also intently focused on accelerating our profitability in the U.S. We anticipate seeing the impact of these actions in fiscal 2024, beginning in the second quarter. In just six weeks, we have taken a number of steps to align our cost structure with our business performance, including planned cost reductions of at least $1 billion, and lowered capital expenditures by approximately $600 million. ![]() “Our performance this year has not reflected WBA’s strong assets, brand legacy, or our commitment to our customers and patients. Interim Chief Executive Officer Ginger Graham said: (Nasdaq: WBA) today announced financial results for the fiscal year and fourth quarter that ended Aug. ![]() 12, 2023 – Walgreens Boots Alliance, Inc. Not providing guidance beyond fiscal 2024 continuing to evaluate macroeconomic trends and challenges, and expecting to provide long-term guidance, if any, in the futureĭEERFIELD, Ill.Healthcare adjusted EBITDA to be breakeven at the midpoint of the guidance range of ($50) to $50 million Expecting fiscal 2024 adjusted EPS of $3.20 to $3.50, with underlying earnings growth more than offset by lower sale and leaseback contribution, a higher tax rate, and lower COVID-19 contribution.Fiscal 2023 sales increased 4.8 percent to $139.1 billion, up 5.6 percent on a constant currency basis.Fourth quarter sales increased 9.2 percent year-over-year to $35.4 billion, up 8.3 percent on a constant currency basis.Fiscal 2023 loss per share was $3.57 compared with $5.01 earnings per share in the year-ago period adjusted EPS was $3.98, down 20.3 percent on a constant currency basis, impacted by a 20.7 percent headwind from significantly lower COVID-19 vaccine and testing volumes.Fourth quarter loss per share* was $0.21 versus $0.48 in the year-ago quarter adjusted earnings per share (EPS*) was $0.67, down 18.0 percent on a constant currency basis, reflecting a 23.5 percent headwind from significantly lower COVID-19 vaccine and testing volumes.Fourth quarter and fiscal year financial highlights
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