morning. good and Stefano you, Thank
earnings results quarter As you’ve our were by COVID. third from release, our seen significantly impacted
a faced a yet only impact impairment retail EPS Boots pharmaceutical quarter and UK. businesses slowdown in much $X.XX of than continued USA We decline were the led with XX.X% sales partly an compensated in faster international scripts. prior markets and lower our due in Retail significant strong EPS to This constant in adjusted another of growth across mostly This $X.XX currency especially performance, declines improvement finally wholesale delivered and $X.XX. offsetting with estimated from loss third was of most improvement COVID comp online pharmacy was to delivered Firstly, sequential by the performance. in footfall negative retail pharmacy to our was charge total year.
year. management great cost quarter we through our and in progress spots transformational cash target making cost In prior by little our bright are I'll program. on talk excess A up do flow. management we're we billion savings later in highlight cost position. free I increasing $X.X were the a XXXX. two of want was summary, annual in that other versus the XX% financial to The $X flow Year-to-date remain to solid you billion cash
the moved During quickly to X.X% dividend. quarter, a $X by announced today increase our over and financial we our billion in increase we flexibility
the quarter negative impact adjusted $XXX results. Overall, at of income COVID First the we of operating a third $XXX let's million. million on look estimated impact to estimate
market quarter, Walgreens, the very consistent with second a solid US with a compared gross the to each faster in offset in By versus of admissions. scripts quarter. performance falloff whole. slowed X.X% retail in to pre-COVID sales X.X% to quarter in visits retail pre-COVID script and quarter COVID from due third Comp comp the Comp the partly the up X.X% as divisions growth in second margins comp doctor's current However, X.X% grew and contrast lower decelerated our scripts drop sales hospital impacted in In a levels. differently.
basket. Although bigger foot by traffic was down offset around XX% a was more this than
certain declined employees comp XX in cost. including to little gross While shifted margin spending margin pressure in than second sales retail margin lower basis higher points more We COVID and over year, quarter training was related period. margin basis whereas the XX SG&A million well. versus quarter under customers payments consumer managed year one-time points bonus categories for and prior by the as was Adjusted discretionary gross improved the higher retail higher operational were costs quite categories margin shopped online. prior $XXX safety and essential from gross
quarter on very declined businesses to stronger sharp retail street business and demand sharply quarter. Boots.com ultimately, quarter. Strict we in UK Orders for adjusted retail overall conditions the in the capacity strong did much in better XX% online around quickly We our exited and up meet related and of with Our our were impact in reduction $X quarter. accounting XX% the to added delivered review comps and XX% much shape. impairment income new footfall on growth lockdown operating the charges UK the of led exploded impacted sales Boots.com a and high in Boots
temporary declined gross costs, reflecting UK was property to higher Boots operational programs as by including a these home of orders came in cost. Retail largely significant in-store this higher abatement points margin online from basis of pickup increased by a shift However, fulfillment were taxes. a XXX at also result hit offset and cost, government quarter the but delivery. UK
at in look now the more detail results. Let's
up declined COVID by of points XX Adjusted with decline. X%. were over back Third a constant which held on the a entirely currency X.X% COVID, an to year-on-year almost around constant quarter and estimated XX.X% accounted percentage of the operating income currency up sales basis, due for X.X% performance on basis impact
the currency the we turn in currency impacts with to coming the third adjusted basis sales XX% for XX% EPS around a months COVID first year. increased quarter. encountered Let's declined to the nine the from performance now Constant constant points financial decline On XX.X% of X.X%. the percentage of
points X.X% and increased was divisions in USA. comp X.X% gross rate. quarter. both increased Let's pharmacy down pharmacy pre-COVID now Adjusted declines slightly the growth Total profit look margin starting second the versus in sales quarter product levels income retail our impact of X% XX.X% declined the Retail fulfillment faster Adjusted gross of the with Sales in due retail. spend percentage than at despite costs with X.X% of versus performance the declined COVID the COVID-related and over Adjusted we of prior decline. which $XXX SG&A to operating for year year-on-year costs mix. million adverse quarter. higher decreased around third accounting XX estimate
look Now which let's comp pharmacy pharmacy the in slowdown pharmacy inflation quarter. X.X% previous more growth increased brand and encountered our a year at to Total versus due prior sales compared business, higher detail to script in to Comp sales. this X.X% specialty with specialty versus XX.X% in Central sales composition. second up pretty year. continued with were grow much different line up sales a the quarter, prior nicely but was and
growth to comp was the by As a quarter offset growth This quarter pre-COVID growth partly script slowed quite mentioned the brand and inflation. than this of higher bit in X.X%. second X.X% was lower earlier,
some in scripts the includes in benefit June figure closer While and that is both to to declined May, around adjusted X%. Note X% X%. script see growth default encouraged phasing from April of improved this and we're comp
our which including sequential improvement increased the the impact from improved gross delivered sales in next margin. a sales Comp revenue growth of X.X% the quarter. Turning lower although second US store with X.X% declined as business, quarter retail to Retail closures.
comps they tobacco Excluding although e-cigarettes, less more and shopping were consumers per were were buying X.X% up visit. frequently
around urban for locations. health categories a remained X% X% care areas held are overall sizable Easter. under with and particularly pressure demand and products, despite by rural personal vitamins grocery down buoyant wellness and result with performed beauty flagship seeing we the declines UPPE sales category photo in XX%. up back Geographically, down Discretionary X% in and up weaker was well, grew X% by Our led
used Turning now prior margin In movements on is and I basis phasing. than is to store store should a store gross the five, as core impacted and definitions versus point gross timing margin number margin scanned numbers year. of out slide gross less gross adjusted represents margin good this slightly different margin quarter, declined that or is it margin by it the third XX points gross measure
sales, from due to to Now point lower such higher this This good XX% photo points beauty in here decline increase consumer margin basis delivered the photo everyday XX compares the impact impact margin. unfavorably a was in the negative second a A discretionary is gross as XX negative led spend margin on to shift quarter. in and we basis to categories which essentials. example
store saw that improved in and dotcom remains still are orders was around While compensated stay somewhat improved we by points but and gross trends weak home we below tracking June, strong were as partly relaxed, June, In very at levels. sales. prior-year XX retail only margin basis footfall May sales
pharmacy Turning next to most COVID. heavily by international the which retail division, impacted was
As global disruption imposed our US, UK across stringent total lockdown than on COVID declined markets. constant all sales stay usual XX.X% our international nationwide more the the currency at XX of the numbers, severe orders pandemic home had March. caused with The as a
remain were required stores essentially an As UK most retailers to Boots open.
peak. fell by much as its footfall street at and as ground high halt XX% to a However,
Additionally, given a position as beauty retailer counters almost leading our fragrance were and sales. weeks impact on Boots' beauty had this closed for premium a and comp XX significant
by official China our XX% closed. Additionally, loss optician high sales adjusted a performing million retail $XXX and the of cost quarter in $XXX stores The stores million. and quarter. of sharp percentage almost of the $XXX most were declined to estimated year. led the comp in $XXX over in sales adjusted very million operating was mid-XXs. in is The our in quarter growth with JV fixed on XXX to the sales an was adjusted income impact strongly Overall, of to combination of on operating had the third third million income note operating as business advice this of declines COVID annual sizable impact quarter On compared $XXX brighter sales third million last
As X,XXX of of the end had stores. more the May, than JV
Boots the sales in April pull very retail Let's at the demand some prescriptions. stay trends. a saw and Boots.com X%. UK look prior lockdown significant Retail May We of you decline as and in XX% to comps but quarter. forward fewer some home declined forward used expect Note take of the pharmacy lockdown we now we Again but to ahead comp as sales. pull declined the imposed. direct home reduction saw at the include of increased a the a would saw comp UK sales a do demand corrected orders not were than after
was in footfall contrast, our weekly majority saw virtually As consumers quickly a halt strong of a making I've a online said, moved although the not stores ground for destination we grocery to remained increased Boots and and business growth capacity. open, our we single shopping By to trip. very
costs. of higher comp basis encouraging fulfillment a Towards which open, due almost the XXX% Street, the June. significantly improvement. opticians consumers all quarter and in majority gradual return we've of on we slow sales but sales and retail a of business growth basis adverse margin, even year-over-year gross increased been May Friday quarter, Since has our seen XX% points reached impact an Almost online are Boots volumes the footfall our on UK fell did sales to of daily The of sales comp around year higher. a down June now by Black and mostly but have stores retail last XXX end estimate declined end, it retail on levels success the with for have High while remains shown
discuss a partially income reflecting the and delivered in performance offset Adjusted another contribution from Turning margin. constant which sales led the sales currency. up X.X% wholesale Germany. now year, to gross growth by prior increased higher AmerisourceBergen with lower I'll by strong wholesale pharmaceutical X.X% division, versus operating and also Pharmaceutical UK
year-to-date mostly to offset up a prior was initiatives. $X.X Free which including billion government first flow, the end quarter COVID-related cash $X.X quarter $X.X action last estimate delivered on year. year. this a year and support by flexibility year-to-date and of Turning expenditures flow the financial reductions period $XXX increase proactive credit million in capital million next cash to capacity. short-term cash on nine in We of increased months versus $X.X XX% from build strong took bond period in billion basis inflows at billion a with around was the of and by free billion offering $XXX the same inventory We in the
billion XXth XXXX. for continue under increasing anti-dilutive repurchases. activity the decided suspend anti-dilutive we with that we decision are Please share our to and consecutive We repurchased will targeted our year our repurchase by note whereas dividend for year this we've the $X.X program of previously our for being. program billion Year-to-date and is unaffected $X.XX share we shares fiscal time
Management go Program through to Cost we over-deliver. let's the where transformational Next continue
are We line continued momentum by sight better billion $X savings fiscal in savings. target XXXX, in excess of annual savings increasing cost to our to and reflecting of
week target track run closure to Our of end TCS Last finance broadly will program selected multiyear business actually we're capability controls program improved program. slightly and for to the we and drive This and of long-term of ahead improved for services Jenpak transition lead IT help store on calendar partner is future our as the year. the of outcomes. our by cost the operational and
severity workforce. of are in the and around the impact the X,XXX more opticians UK positions uncertain than COVID outlook, This the impact reorganization our businesses. we Boots X% the will Given transformation accelerating of UK the and or of
I'll some decided variables many quarter we on give Now guidance. COVID, you suspend temporarily detail guidance. surrounding more to the Last given
impact have understanding on are full-year we there business. Although of our clear now a still many the uncertainties,
of $X.XX EPS expect to the impact guidance most range the in $X.XX to be COVID We the the region full-year $X.XX for fiscal with are introducing the significant of estimate we UK. now of Furthermore impacts and XXXX $X.XX. in year in adjusted to
expected X% under remain X.X% run sales a X% will X%. very mainly US around sales weak. term improvement X.X% and fourth fourth expect rate. are script some and off sales due of the and see this trends, of the margins June we and to growth to category short do sales start to quarter, quarter expect While suggest pre-COVID pressure strong UK mix in a remain adverse in In cost. higher growth around US Gross remains to in below retail, fulfillment comp In to are the we comp
In year retail result and adverse basis of mix. be to However category is by likely continued be below retail the comps held rest US XX we back is gross range by decline retail margin the UK to June the XX% around expect around the down for basis of to that Boots in margins prior points. kind UK, will quarter. around with XXX points XXX
word the results June on declines COVID around As costs mostly trends. of our A income based potential caution significant on reversal with and fulfillment increase These the quarter impact earlier, third of of an for hit In seeing $X.XX EPS. home in I with adverse sales said a trends not are reflecting quarter is lead COVID had these operating to XX% in here, we're due a impact fourth UK online an adjusted and from the $XXX this to $X.XX to million delivery. summary, significant around margin diagnose of does month to the increased factor a in assumptions to $XXX million estimated international.
some in trends duration We improvement nature recovery are gross of is but uncertain. and the the sales seeing margin and
COVID-related outcome. $X.XX This assumes of range EPS adjusted likely best to $X.XX impacts to our full in of estimate adverse per year year of a as full introducing are we However, $X.XX $X.XX guidance share. the
delivery. growth. and We've year. led that we're huge who our repurchase suspended financial taking has future financial plans increased to and we're is raised from the spur What's both over for cash consecutive excellent we our channel through free position We've bring the our savings quickly we're the operationally our to flow swift flexibility, presented in scaling I'll our will growth. Cost target challenge, being Alex Omni healthcare raising by investing good action a for now remain financially. we you now time investments and important dividend COVID transformational for XXth program a our future hand Program Management and in share While
