| Item 7.01 |
Regulation FD Disclosure. |
McKesson Corporation (the “Company”) does not anticipate the bankruptcy process initiated by Rite Aid on October 15, 2023 to have a material impact on its Adjusted Earnings Per Diluted Share outlook for fiscal 2024 that was disclosed on August 2, 2023. The bankruptcy filing is not anticipated to have a material impact on McKesson’s liquidity position or operations.
McKesson will release its second quarter fiscal 2024 financial results after market close on Wednesday, November 1, 2023 and will host a live webcast of the earnings conference call for investors at 4:30 PM Eastern Time to review its financial results. The live webcast will be available on the Company’s Investor Relations website at investor.mckesson.com along with the Company’s earnings release, financial tables and slide presentation.
Cautionary Statements
This item contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by their use of terminology such as “believes,” “expects,” “anticipates,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “projects,” “plans,” “estimates,” “targets,” or the negative of these words or other comparable terminology. The discussion about any potential impact of the announcement made by Rite Aid on the Company’s Adjusted Earnings per Diluted Share Fiscal 2024 outlook and on the Company’s liquidity position and operations constitute forward-looking statements. Readers should not place undue reliance on forward-looking statements, such as financial performance forecasts, which speak only as of the date they are first made. Except to the extent required by law, we undertake no obligation to update or revise our forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, or implied. Although it is not possible to predict or identify all such risks and uncertainties, we encourage investors to read the risk factors described in our most recent annual and periodic report filed with the Securities and Exchange Commission (the “Commission”).
These risk factors include, but are not limited to: we experience costly and disruptive legal disputes and settlements; we might experience losses not covered by insurance or indemnification; we from time to time record significant charges from impairment to goodwill, intangibles, and other long-lived assets; we might be harmed by large customer purchase reductions, payment defaults or contract non-renewal; we might be adversely impacted by changes in the economic environments in which we operate; and changes affecting capital and credit markets might impede access to credit, increase borrowing costs, and disrupt banking services for us and our customers and suppliers and might impair the financial soundness of our customers and suppliers.
The information contained in this Form 8-K is furnished to the Commission, but shall not be deemed “filed” with the Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such a filing.