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Walgreens swings to profit as COVID-19 testing, vaccinations lift pharmacy sales -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A man rides by a Walgreens Boots Alliance, Inc. truck in Manhattan, New York City, U.S.A, 26 November 2021. REUTERS/Andrew Kelly

(Reuters) – Walgreens Boots Alliance Inc (NASDAQ) posted a profit Thursday, compared with a loss a previous year. Strong demand for COVID-19 testing and vaccinations boosted sales at the pharmacy shops.

Walgreens’ net income was $3.58 Billion, or 4.13 per share in the third quarter. This compares to $308 MILLION, or 36 Cents per share, which occurred a year ago, mostly due to an $1.5 billion one-time charge.

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