THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Walgreens Boots Alliance boosted by strong third quarter

Boots UK owner Walgreens Boots Alliance has reported that its operating income from continuing operations came in at $1.1 billion in its  third quarter compared with… View Article

HEALTH AND BEAUTY NEWS

Walgreens Boots Alliance boosted by strong third quarter

Boots UK owner Walgreens Boots Alliance has reported that its operating income from continuing operations came in at $1.1 billion in its  third quarter compared with a loss of $1.7 billion in the same period a year ago.

This was primarily due to $2 billion non-cash impairment charges in the same quarter in the previous financial year relating to goodwill and intangible assets in Boots UK.

Meanwhile, adjusted operating income from continuing operations rose by 82.9% on a reported currency basis to $1.5 billion while sales from continuing operations climbed by 12.1% to $34 billion.

Walgreens Boots Alliance chief executive Rosalind Brewer said:  “This quarter’s results demonstrate continued momentum, and while
challenges lie ahead, we are in a strong position to grow and innovate our core retail and pharmacy businesses for the future. We are accelerating our investments to advance our operational excellence, including technology innovations that support mass personalisation, pharmacy of the future and the next phase of growth in tech enabled healthcare.”

Looking at Boots UK, the retailer’s comparable pharmacy sales increased by 3.7% in the period as it benefited from stronger pharmacy services and the favourable timing of NHS reimbursement, which was partially offset by lower prescription volume.

Boots’ comparable retail sales climbed by 38.7% as footfall on UK high streets began to recover following the easing of Covid-19 lockdown restrictions. However. the situation was more challenging for Boots stores at travel locations in airports and train stations. The retailer’s online sales continued to be strong with an uplift of 42.3%.

Subscribe For Retail News