Is Walgreens a Buy After Its Q1 Earnings Release?

·5 min read
Is Walgreens a Buy After Its Q1 Earnings Release?

Walgreens Boots Alliance (NASDAQ: WBA) came out with fiscal first-quarter results on Thursday, Jan. 6, with the kind of numbers that would typically excite investors. Driven by higher foot traffic related to the COVID-19 pandemic, Walgreens produced first-quarter results that outshined Wall Street estimates on revenue and earnings. The company's CFO, James Kehoe, attributed the higher-than-expected numbers to customer visits for COVID-19 vaccines and tests.

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