Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced financial results for the third quarter of fiscal 2021, which ended May 31, 2021.

Third quarter results, year-over-year, including discontinued operations

• Total earnings per share (EPS), including discontinued operations, were $1.38, compared with a loss of $1.95 in the year-ago quarter; total adjusted EPS increased 83.4 percent to $1.51, up 81.4 percent on a constant currency basis

Third quarter results, year-over-year, from continuing operations

• Sales increased 12.1 percent to $34.0 billion, up 10.4 percent on a constant currency basis
• EPS from continuing operations was $1.27, compared with a loss of $2.05 in the year-ago quarter; continuing operations adjusted EPS increased 95.1 percent to $1.38, up 93.6 percent on a constant currency basis

Year-to-date results, year over year, from continuing operations

• Sales increased 7.2 percent to $98.2 billion, up 6.1 percent on a constant currency basis
• EPS from continuing operations was $1.89 compared with a loss of $0.18. Adjusted EPS from continuing operations was $3.74, an increase of 10.7 percent on a reported basis and up 9.9 percent on a constant currency basis

Additional highlights

• Net cash provided by operating activities in the first nine months of fiscal 2021 was $4.3 billion, an increase of $912 million compared with the year-ago period; Free cash flow was $3.3 billion, up $873 million year-over-year
• Walgreens has administered more than 25 million COVID-19 vaccinations to date

Click Here For Full Stock Research on Walgreens Boots by CWEB.com

CWEB Analyst’s have initiated a BUY Rating for Walgreens Boots Alliance, Inc. (Nasdaq: WBA). WBA third quarter sales from continuing operations increased 12.1 percent from the year-ago quarter to $34.0 billion, an increase of 10.4 percent on a constant currency basis¹, reflecting strong growth in the International segment, aided by the formation of the company’s joint venture in Germany during the fiscal year, and solid growth in the United States segment.e the net Quarter will be even better due to high demand in shipping and post covid economy.