Walgreens third-quarter profit falls 23.6%

FILE PHOTO: A sign marks a Walgreens pharmacy in Somerville, Massachusetts, U.S., June 29, 2017. REUTERS/Brian Snyder - Copyright BRIAN SNYDER(Reuters)

By Reuters

Published on 27/06/2019 - 13:34•Updated 04/05/2024 - 23:27

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(Reuters) - Drugstore chain Walgreens Boots Alliance Inc <WBA.O> posted a 23.6% fall in quarterly profit on Thursday, hurt by weak performance of its UK unit.

Net income attributable to Walgreens fell to $1.03 billion, or $1.13 per share, in the third quarter ended May 31, from $1.34 billion, or $1.35 per share, a year earlier.

Revenue rose to $34.59 billion from $34.33 billion.

(Reporting by Aakash Jagadeesh Babu and Manas Mishra in Bengaluru; Editing by Maju Samuel)

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