NASDAQ$WBA

Walgreens Boots Alliance Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Walgreens' Q2 2021 financial results surpassed expectations, with the company raising its guidance for the fiscal year.

Walgreens Boots Alliance reported a 4.6% increase in sales to $32.8 billion for the second quarter of fiscal 2021. EPS increased 10.9% to $1.19, and the company raised its full-year EPS guidance.

  • Sales increased 4.6 percent to $32.8 billion.
  • Total earnings per share (EPS) increased 10.9 percent to $1.19.
  • Company raised guidance to mid-to-high single digit growth in constant currency adjusted EPS from both total and continuing operations
  • Walgreens has administered more than 8 million COVID-19 vaccines to date.

Headline financials

Total Revenue

$32.8B

Previous: $35.8B-8.5%
EPS (adj)

$1.26

Previous: $1.52-17.1%
Capital Expenditures

$261M

Previous: $318M-17.9%
Free Cash Flow

$1.1B

Previous: $1.1B+0.0%
Net Income

$1.03B

Previous: $946M+8.5%
Operating Income

$832M

Previous: $1.2B-30.7%
Gross Profit

$6.78B

Previous: $7.02B-3.4%
Cash & Equivalents

$1.03B

Previous: $792M+30.1%
Total Assets

$90.9B

Previous: $90B+1.0%
Stock-Based Comp

$34M

Previous: $39M-12.8%

Revenue & EPS history

Walgreens · Revenue · Quarterly

$32.8B

Q2 2021-8.5%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Walgreens · $7.76B total across 2 segments · Q4 2023

  • International
    $5.78B
  • U.S. Healthcare
    $1.97B+217.0%

Forward guidance

The company raised fiscal 2021 guidance to mid-to-high single digit growth in constant currency adjusted EPS from both total and continuing operations.

Tailwinds

  • Revised guidance reflects first-half performance above expectations
  • Anticipated strong growth in the second half of the fiscal year
  • Walgreens has administered more than 8 million COVID-19 vaccinations
  • Walgreens is on track to open 40 Village Medical at Walgreens locations by the end of the summer.
  • MyWalgreens membership grew to 56 million

Headwinds

  • The situation continues to be fluid in the second half due to COVID-19.
  • Operating income from continuing operations was $832 million, compared with $1.1 billion in the same quarter a year ago.
  • Adjusted operating income from continuing operations was $1.2 billion, a decrease of 22.5 percent.
  • The decreases reflect adverse COVID-19 impacts in the United States and International markets
  • Comparable retail sales decreased 3.5 percent compared with the same quarter a year ago, reflecting the weaker cough, cold and flu season

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports

Historical avg

-0.1%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-1.9%

Avg return

30 days after

53%

33 / 62 earnings

Positive

+29.1%

Q1 2025

Best reaction

-22.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.4%+1.5%+2.7%
Q2 2025-1.1%+0.5%+4.1%
Q1 2025+29.1%+36.1%+10.0%
Q4 2024+23.0%+18.7%-2.0%
Q3 2024-22.7%-26.0%-24.5%
Q2 2024-7.0%-10.9%-15.7%
Q1 2024-2.2%-0.6%-11.4%
Q4 2023+2.9%+2.1%-7.3%
Q3 2023-7.9%-10.2%-3.0%
Q2 2023+3.7%+5.0%+6.6%
Q1 2023-2.3%-2.1%-1.1%
Q4 2022+4.1%+3.8%+29.4%
Q3 2022-5.7%-5.7%-2.9%
Q2 2022-7.6%-8.4%-10.6%
Q1 2022-0.3%+0.6%-10.0%
Q4 2021+3.5%+1.5%+4.8%
Q3 2021-8.4%
Q2 2021+3.3%
Q1 2021+5.1%
Q4 2020+4.2%
Q3 2020-5.1%
Q2 2020-5.4%
Q1 2020-7.8%
Q4 2019+1.5%
Q3 2019+4.4%
Q2 2019-13.6%
Q1 2019-8.2%
Q4 2018+1.6%
Q3 2018-9.4%
Q2 2018-0.7%
Q1 2018-3.4%
Q4 2017-0.3%
Q3 2017+1.6%
Q2 2017-1.0%
Q1 2017+0.1%
Q4 2016+5.7%
Q3 2016-3.6%
Q2 2016-3.0%
Q1 2016+1.8%
Q4 2015-11.9%
Q3 2015+8.4%
Q1 2014+4.9%
Q2 2015+4.9%
Q4 2013+4.9%
Q1 2015+3.2%
Q4 2014-0.9%
Q3 2014+0.6%
Q2 2014+1.0%
Q3 2013-1.0%
Q2 2013+0.4%
Q1 2013+1.6%
Q4 2012+1.4%
Q3 2012-3.2%
Q2 2012-1.9%
Q1 2012+4.1%
Q4 2011+0.4%
Q3 2011-0.9%
Q2 2011+1.8%
Q1 2010+2.5%
Q4 2010+1.8%
Q3 2010-0.1%
Q2 2009+0.5%

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