Walgreens Boots Alliance posted first-quarter earnings and revenue that were above analysts' expectations on Thursday.
Walgreens Boots Alliance reported $1.68 earnings per share on $33.9 billion in revenue. Investing.com polled analysts, who predicted EPS of $1.35 on revenue of $32.46 billion.
Walgreens Boots shares are up 3.53% year to date but remain 5.33% behind their 52-week high of $57.04 reached on April 6, 2021. They have outperformed the Nasdaq 100, which has lost 3.36% since the beginning of the year.
This month, Walgreens Boots follows the earnings of other major Consumer Staples companies.
Walgreens Boots follows Costco's earnings beat on December 9, 2021, when the retailer posted EPS of $2.97 on revenue of $50.36 billion, versus projections of $2.62 on revenue of $49.65 billion.
On December 21, 2021, General Mills failed expectations with EPS of $0.99 on revenue of $5.02 billion, compared to a prediction of $1.05 on revenue of $4.84 billion.