Walgreens Boots Alliances sales grow 3.7% in second quarter fiscal 2020

Walgreens Boots Alliance (WBA) reported sales growth of 3.7% year-over-year to $35.8bn for its fiscal 2020 second-quarter results, ended February 29. Net earnings declined 18.2% to $946m .

The company says effects from the COVID-19 pandemic began at the end of the second quarter and did not factor into these overall results.

Prior to the virus outbreak, the company was on track to maintain its full-year fiscal 2020 guidance.

WBA says it is not able to accurately forecast the future impact of COVID-19, and will provide further updates in its next earnings report, when the effects of the pandemic will be known in more detail.

Amid COVID-19, WBA’s locations have remained open.

The company has also expanded its drive-thru service for certain health, cleaning and grocery items, offered free home delivery of prescriptions and products, along with US-based online purchases, partnered with US and UK governments to initiate testing and expanded temporary benefits for certain employees.

 

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