Walgreens Boots Alliance Inc
WBA: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$67.00 | Fmrl | Zswy |
Walgreens Earnings: Steep Impairment Charges and Narrowed Earnings Guidance Mask Improvement
No-moat Walgreens Boots Alliance reported fiscal second-quarter results that came in higher than our expectations. Total sales of $37.1 billion and adjusted earnings per share of $1.20 were up 6.3% and 3.4% year over year, respectively. After an initial review of the results, we do not expect to make any material changes to our $33 fair value estimate.