Walgreens Boots Alliance Inc (WBA)
Pretax margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -7,374,000 | 89,000 | -4,938,000 | -5,257,000 | -4,998,000 | -4,716,000 | 4,307,000 | 6,170,000 | 7,566,000 | 7,579,000 | 3,209,000 | 2,579,000 | -615,000 | -588,000 | 804,000 | 913,000 | 3,845,000 | 4,132,000 | 4,558,000 | 5,537,000 |
| Revenue (ttm) | US$ in thousands | 144,409,000 | 142,217,000 | 139,712,000 | 136,739,000 | 133,981,000 | 132,914,000 | 132,484,000 | 134,297,000 | 135,290,000 | 134,271,000 | 136,618,000 | 137,102,000 | 138,097,000 | 141,108,000 | 139,109,000 | 138,317,000 | 138,220,000 | 136,893,000 | 136,337,000 | 135,825,000 |
| Pretax margin | -5.11% | 0.06% | -3.53% | -3.84% | -3.73% | -3.55% | 3.25% | 4.59% | 5.59% | 5.64% | 2.35% | 1.88% | -0.45% | -0.42% | 0.58% | 0.66% | 2.78% | 3.02% | 3.34% | 4.08% |
February 29, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-7,374,000K ÷ $144,409,000K
= -5.11%
The pretax margin of Walgreens Boots Alliance Inc has exhibited fluctuating trends over the past several reporting periods. The company's pretax margin was negative in the most recent period, at -5.11%, indicating that the company's expenses exceeded its gross profit before accounting for taxes. This negative trend contrasts with the slight positive pretax margin of 0.06% in the preceding quarter.
Over the longer term, the pretax margin has generally been positive, with peaks observed in the range of 2% to 5.6% in some quarters. However, there have also been instances of negative pretax margins, particularly noticeable in recent quarters. The company experienced adverse performance in terms of profitability in the last three quarters of reported data, which may indicate potential challenges in managing costs or generating sufficient revenue.
It is important for stakeholders to closely monitor the company's ability to control expenses, improve operational efficiency, and enhance revenue generation in order to ensure sustainable profitability and long-term financial health.
Peer comparison
Feb 29, 2024