Free Trial

CONSUMER STAPLES: Walgreen Boots (B1 Stable/BB Neg) 4Q (3m to August) earnings

CONSUMER STAPLES

Equities +8% in US pre-market.

For those focused on leverage; headline sales growth beat for both US retail pharmacy and international. That combining with the 30bp margin beat in international and a small $17m contribution from US healthcare led to group "beating" on adj. EBIT ($424m vs. c$396m) and margin (0.9% vs. c0.8%).

Keep reading...Show less
74 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Equities +8% in US pre-market.

For those focused on leverage; headline sales growth beat for both US retail pharmacy and international. That combining with the 30bp margin beat in international and a small $17m contribution from US healthcare led to group "beating" on adj. EBIT ($424m vs. c$396m) and margin (0.9% vs. c0.8%).

Keep reading...Show less