Walgreens (WBA) Earnings Recap

1 min read

Maria Schrater


Walgreens (WBA) is higher in the premarket after beating estimates on its 2Q report, with earnings per share of $1.20 and revenue of $37.05 billion. The company also narrowed its EPS guidance for the year to $3.20-$3.35 from $3.20-$3.50, but that still comfortably compares against the Street expectations of around $3.24 per share.


CEO Tim Wentworth said that despite the “challenging retail environment,” Walgreens still expects to achieve $1 billion in cost savings in 2024. The chain saw growth across all segments this quarter, with U.S. Retail Pharmacy comparable sales up 4.8% and Boots U.K. Pharmacy comparable sales up 1.7%. However, splitting retail and pharmacy apart in the U.S., Retail comparable sales fell 4.3% year-over-year – Walgreens cites the overall environment, along with a weaker respiratory season.


Looking at the stock, shares are down almost 40% in the last year, and 20% this year alone. If Walgreens can achieve its cost savings, and perhaps sees a strong pharmacy boost from the many Ozempic-like drugs coming to market, could it see a rebound?

Featured Clips

Image

The State of the Current Bull Market  

MORNING TRADE LIVE 


Image

GameStop’s (GME) Role in Meme Stocks  

TRADING 360  


Image

Tesla (TSLA) Headwinds & Apple (AAPL) Can’t Get a Boost  

THE WATCH LIST 

Image

DKNG, FLUT: Fall On College Prop Bet Ban  

MARKET ON CLOSE  


Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on demand.   

Charles Schwab and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.


Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a wholly owned subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant. © 2024 Charles Schwab Media Productions Company. All rights reserved.

ON AIR
7:00 am
Futures
12:00 am
Fast Market
REPLAY
1:00 am
Trading 360
REPLAY
2:00 am
Next Gen Investing
REPLAY
education
3:00 am
Your First Trade
REPLAY
3:30 am
Trading 360
REPLAY
4:30 am
Next Gen Investing
REPLAY
education
5:30 am
Your First Trade
REPLAY
6:00 am
Fast Market
REPLAY
ON AIR
7:00 am
Futures
8:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
1:00 pm
The Watch List
2:00 pm
Market On Close
3:30 pm
Market Overtime
4:00 pm
Trading 360
REPLAY
5:00 pm
Fast Market
REPLAY
6:00 pm
Next Gen Investing
REPLAY
7:00 pm
Market Overtime
REPLAY
education
7:30 pm
Your First Trade
REPLAY
8:00 pm
Trading 360
REPLAY
9:00 pm
Market Overtime
REPLAY
education
9:30 pm
Your First Trade
REPLAY
10:00 pm
Fast Market
REPLAY
11:00 pm
Trading 360
REPLAY

Get the Market Minute

Daily insights for every investor