Walgreens slashes profit guidance, citing 'challenging' environment for consumers and pharmacies

Walgreens' adjusted earnings per share for Q3 was 63 cents, which missed the analysts' expectation of 68 cents per share12. The company reported a net income of $344 million, or 40 cents per share, for the quarter.

Walgreens reported total revenue of $36.4 billion in the fiscal third quarter, a 2.6% increase from the same period a year ago. This was driven by growth across its three business divisions, including its U.S. health-care unit which saw sales jump 7.6% compared with the same period a year ago.