NASDAQ$WBA

Walgreens Boots Alliance Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Walgreens reported strong Q2 2022 results with increased sales and earnings, driven by COVID-19 vaccinations and testing, U.S. retail comparable sales, and Boots UK retail comparable sales.

Walgreens Boots Alliance reported a 3.0% increase in sales from continuing operations to $33.8 billion and an adjusted EPS increase of 25.9% to $1.59 in the second quarter of fiscal 2022. The company is maintaining its full-year adjusted EPS guidance of low-single digit growth.

  • Second quarter EPS from continuing operations was $1.02, while adjusted EPS increased 25.9 percent to $1.59.
  • Second quarter sales from continuing operations increased 3.0 percent to $33.8 billion.
  • Second quarter operating income from continuing operations increased to $1.2 billion.
  • Walgreens Health pro forma sales up 128 percent compared to year-ago standalone results.

Headline financials

Total Revenue

$33.8B

Previous: $32.8B+3.0%
EPS (adj)

$1.59

Previous: $1.26+26.2%
Capital Expenditures

$416M

Previous: $261M+59.4%
Free Cash Flow

$669M

Previous: $1.1B-39.2%
Net Income

$883M

Previous: $1.03B-13.9%
Operating Income

$1.2B

Previous: $832M+44.2%
Gross Profit

$7.71B

Previous: $6.78B+13.7%
Cash & Equivalents

$1.89B

Previous: $1.03B+83.2%
Total Assets

$92.7B

Previous: $90.9B+1.9%
Stock-Based Comp

$135M

Previous: $34M+297.1%

Revenue & EPS history

Walgreens · Revenue · Quarterly

$33.8B

Q2 2022+3%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Walgreens · $33.8B total across 3 segments · Q2 2022

  • U.S. Pharmacy
    $27.7B
  • International
    $5.6B
  • U.S. Healthcare
    $527M

Forward guidance

Maintaining full year adjusted EPS guidance of low-single digit growth

Historical earnings impact

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

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-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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