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Consumer Retail Stocks Q4 Recap: Benchmarking Walgreens (NASDAQ:WBA) [Yahoo! Finance]
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
Consumer retail companies operate the brick-and-mortar stores where consumers have shopped for centuries. The way people shop is changing with increased penetration of technology, but these retailers are adapting and still very much a part of the consumer fabric. The 62 consumer retail stocks we track reported a mixed Q4. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 3% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 8.1% since the latest earnings results. Primarily offering prescription medicine, health, and beauty products, Walgreens Boots Alliance (NASDAQ:WBA) is a pharmacy chain formed through the 2014 major merger of American company Walgreens and European company Alliance Boots. Walgreens reported revenues of $39.46 billion, up 7.5% year on year. This print exceeded analysts' expectations by 5.7%. Overall, it was a stunning quarter for the company
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