An indication for influenza shots is shown at a Walgreens shop in the Hollywood community of Los Angeles.
Christopher Lee | Bloomberg | Getty Images
Drugstore chain Walgreens Boots Alliance stated on Thursday it anticipates earnings to grow in single digits in 2021 after publishing a better-than-expected fourth-quarter earnings, assisted by greater sales at U.S. drug stores.
Shares of the biggest U.S. pharmacy chain increased 2.8% to $36.93.
The business stated it anticipates strong adjusted earnings development in the 2nd half of 2021, as effect of the Covid-19 pandemic subsides, and supported by its healing strategies.
Last quarter, the business suffered a considerable decrease in step in its UK-based retail drug stores, and turned to save closures, task cuts and suspension of share repurchases.
Same-shop sales at the business’s retail drug store department in the United States increased 3.6% from a year previously.
Excluding products, Walgreens made $1.02 per share, beating experts’ expectations of 96 cents per share.