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The Daily Earnings Reports Podcast is your go-to podcast for the latest corporate financial news. Every trading day, we dive deep into the earnings reports of publicly traded companies, breaking down key metrics, analyzing market reactions, and offering expert insights. Stay informed, make informed investment decisions, and gain a competitive edge in the dynamic world of finance.
Episodes
Tuesday Jan 14, 2025
Tuesday Jan 14, 2025
Key Highlights:
- Sales Growth: Overall sales increased by 7.5% year-over-year to $39.5 billion, or 6.9% on a constant currency basis. This growth is across all business segments (US Retail Pharmacy, International, and US Healthcare).
- Net Loss: WBA reported a net loss of $265 million, a significant increase compared to the $67 million loss in the same quarter last year. This is primarily attributed to higher operating losses.
- Quote: "Net loss in the first quarter was $265 million compared to a net loss of $67 million in the year-ago quarter, primarily driven by higher operating loss."
- Adjusted EPS Decline: Adjusted earnings per share (EPS) decreased to $0.51, down from $0.66 in the previous year, a decrease of 23.4% on a constant currency basis.
- Operating Loss: The company reported an operating loss of $245 million, compared to $39 million in the same quarter last year. The loss reflects higher costs related to the Footprint Optimization Program and lower US retail sales.
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