THE WHAT? Walgreens Boots Alliance has beaten analyst expectations with its 2023 Q2 profit and sales results, with second quarter sales increasing 3.3 percent YOY, to US$34.9 billion, up 4.5 percent on a constant currency basis.
THE DETAILS Q2 earnings per share decreased 20.3 percent to US$0.81 while adjusted EPS decreased 27.2 percent to US$1.16, down 25.8 percent on a constant currency basis reflecting a ‘26 percent headwind from lower COVID-19 vaccine and testing volumes.’
Operating income was US$0.2 billion in the second quarter compared to US$1.2 billion in the year-ago quarter, while net earnings in the second quarter were US$703 million compared to US$883 million YOY.
By category, U.S. Retail Pharmacy saw a decrease of 0.3 percent to US27.6 billion, International reported a 1.6 percent increase to US$5.7 billion, while U.S. Healthcare saw an increase of US$1.1 billion YOY.
THE WHY? Chief Executive Officer Rosalind Brewer said: “WBA exited a solid second quarter with acceleration in February, adding to our confidence in driving strong growth in the second half of the year. With the closing of VillageMD’s acquisition of Summit Health, WBA is now one of the largest players in primary care, with best-in-class assets across the care continuum.”
Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.
Examples of medical aesthetic products include:
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Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.
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Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.
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Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.
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Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.
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Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.
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Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.
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