Walgreens Boots Alliance Inc

WBA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$97.00	Lsncw	Stbv

Walgreens' Solid Q2 Results Driven by Strong Healthcare Business; Fair Value Estimate Remains $48

Keonhee Kim

Mar 28, 2023

Walgreens Boots Alliance reported fiscal 2023 second-quarter results that were slightly better than we anticipated. Sales grew 3.3% year over year, driven by U.S. healthcare and international, with slight offsets from the core pharmacy business. We are maintaining our $48 fair value estimate.

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