“Man, if you look at the same-store numbers both in the U.S. and the U.K., pharmacy was flat, retail on the front end in the U.S. was down 5 [percent]and the international retail numbers were negative,” Raymond James analyst John Ransom informed CNBC’s “Squawk Box.” “Their small wholesale division was the only division that posted positive same-store constant currency.”
Within the quarter, Walgreens’ comparable pharmacy gross sales within the U.S. have been flat in contrast with the year-earlier quarter. The corporate mentioned prescription model inflation was offset by reimbursement strain and generic medicine.
Comparable retail gross sales within the U.S. slid four p.c within the quarter. Drugstores have struggled to maintain up as Amazon and different retailers steal away shoppers who can discover the identical gadgets, usually at inexpensive costs.
Walgreens’ gross margin decreased to 22.9 p.c within the quarter from 24.2 p.c a yr earlier, fless than the 23.5 p.c anticipated by analysts polled by FactSet. Its adjusted working margin dipped to five.three p.c from 6 p.c, shy of the consensus estimate of 5.7 p.c.