Walgreens projections 2021 earnings development after fourth-quarter profits beat

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Walgreens forecasts 2021 profit growth after fourth-quarter earnings beat

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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.

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