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

A sign rests on a counter at a Walgreens pharmacy store in Austin, Texas

FILE PHOTO: A sign rests on a counter at a Walgreens pharmacy store in Austin, TX, U.S., March 26, 2018. Picture taken on March 26, 2018. REUTERS/Mohammad Khursheed

REUTERS: Drugstore chain Walgreens Boots Alliance Inc said on Thursday its quarterly profit slumped 44.9per cent, 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 US$373 million or 43 cents per share, in the fourth quarter ended Aug. 31, from US$677 million, or 75 cents per share, a year earlier.

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



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