Walgreens raises forecasts and posts higher sales and profits

The Deerfield, Ill., drugstore chain said sales and profits rose in its latest quarter, and raised its full-year forecast as demand for Covid-19 vaccines and at-home tests continued to draw customers to its stores.

Walgreens said it administered 15.6 million Covid-19 vaccinations in the latest quarter, which ended Nov. 30, and provided 6.5 million Covid-19 tests, including over-the-counter at-home tests. The chain said it now expects to administer 30 million vaccines this year, up from 25 million, as booster shots get approved for more groups.

Walgreens Posts Higher Sales and Profit From Covid-19 Demand – WSJ