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Walgreens Q4 profit slumps 44.9% as COVID-19 hits store sales

Credit: REUTERS/MOHAMMAD KHURSHEED

Drugstore chain Walgreens Boots Alliance Inc said on Thursday its quarterly profit slumped 44.9%, as COVID-19 hampered sales at its retail stores in the United States and at its Boots UK unit.

Oct 15 (Reuters) - Drugstore chain Walgreens Boots Alliance Inc WBA.O said on Thursday its quarterly profit slumped 44.9%, as COVID-19 hampered sales at its retail stores in the United States and at its Boots UK unit.

However, the company said it expected single-digit growth in its 2021 adjusted earnings per share.

Net income attributable to Walgreens fell to $373 million or 43 cents per share, in the fourth quarter ended Aug. 31, from $677 million, or 75 cents per share, a year earlier.

(Reporting By Manas Mishra and Mrinalika Roy in Bengaluru; Editing by Vinay Dwivedi)

((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 806749 8325;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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