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AP National Business

Tests and vaccines push Walgreens past expectations in 2Q

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Published 6:53 AM

By TOM MURPHY
AP Health Writer

A surge in demand for COVID-19 tests and vaccines helped Walgreens deliver a better fiscal second quarter than Wall Street expected.  The drugstore chain said store sales jumped as customers bought at-home COVID-19 tests. Vaccines also boosted pharmacy sales as the omicron surge for the virus peaked during the quarter.  Sales of virus-related products also helped Walgreens in the previous quarter. Overall, Walgreens  reported adjusted earnings of $1.59 per share in the quarter that ended Feb. 28. Revenue climbed about 3% to $33.76 billion.Analysts expect, on average, earnings of $1.39 per share on $33.23 billion in revenue, according to FactSet.

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