Walgreens Boots Alliance posts double digit Q1 results amid $1bn cost cutting

Net earnings jumped 36% despite plans to reduce costs by the end of the year

Boots parent company and pharma giant, Walgreens Boots Alliance has announced net earnings of US$1.1bn for Q1 2019, a jump of 36.8% on the same quarter a year ago. Net earnings per share increased 45.7% to $1.18 for the same period.

Sales in the first quarter were $33.8bn, an increase of 9.9% from the year-ago quarter, and an increase of 11.4% on a constant currency basis, including the benefit from acquired Rite Aid stores.

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