![]() That aside, adjusted results are more than sufficient to cover the payment assuming for the foreseeable future. The dividend payment in Q4 topped $1.6 billion, resulting in a cash drawdown. The company's interim CEO says an additional $600 million in cost-saving efforts should take hold in Q2 and help drive margin improvement. The takeaway is that cash flow is sufficient to sustain operations while turnaround efforts continue. GAAP, the loss more than halved due to top-line strength, while adjusted EPS fell by 17%. ![]() The margin news is mixed, but one-offs and impairments are the biggest detractors. The company's growth is centered in the core US Retail Pharmacy segment, which grew by 3.7% and was bolstered by 12.5% growth in International markets and 217% growth in the US Healthcare segment. ![]() The company reported $35.42 billion in net revenue for a gain of 9.2% to beat the consensus estimate by 160 basis points. Walgreens Boots Alliance issued a mixed report, with revenue up and outperforming and earnings down and weak. Walgreens Boots Alliance Grows In All Segments That segment, notably, is in a hyper-growth phase and is expected to break even quarterly sometime in F2024. More importantly, his experience at Cigna makes him a percent fit to help drive growth and profitability in Walgreens' US Healthcare segment. Wentworth hails from Cigna and brings a wealth of healthcare-related experience. The company announced the appointment of Tim Wentworth as CEO. The takeaway is that Walgreens Boots Alliance shares are trading at the lowest levels in a decade, are valued at only 5.65X per share, and pay more than 8% with a potential for improvement in the coming fiscal year. However, the Q3 results show improvement in sales across all segments, and one-off costs related to restructuring and impairment charges will soon fall out of the picture. ![]() The company's turnaround efforts are slowly taking hold, and the impact of COVID-19 sales continues to weigh on results. Walgreens Boots Alliance (NASDAQ: WBA) shares are down significantly over the past two years and may fall further. ![]()
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