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Walgreens Boots Alliance

WBA to participate at Credit Suisse Healthcare Conference

WBA to participate at Credit Suisse Healthcare Conference

DEERFIELD, Ill. – Walgreens Boots Alliance announced that executive vice president and global chief financial officer James Kehoe will participate in a fireside chat at the Credit Suisse 27th Annual Healthcare Conference at The Phoenician, Scottsdale, Ariz. on Wednesday, November 14.

Walgreens and LabCorp to open at least 600 new centers

Walgreens and LabCorp to open at least 600 new centers

DEERFIELD, Ill. and BURLINGTON, N.C. — Walgreens and LabCorp announced their mutual commitment to a significant expansion of their LabCorp at Walgreens collaboration. The two companies have agreed to open at least 600 LabCorp patient service centers at Walgreens stores across the U.S. over the next four years, inclusive of the 17 locations that have

Walgreens delivers double-digit growth in earnings

Walgreens delivers double-digit growth in earnings

DEERFIELD, Ill. — Walgreens Boots Alliance posted mixed fourth quarter results, as earnings beat expectations but sales fell short of projections. Adjusted net earnings for the quarter ended August 31 rose 4.5% to $1.4 billion, up 4.5% on a constant currency basis, from a year ago. Adjusted earnings per share were $1.48, up 13% on

WBA’s brands enter Chinese consumer market through Tmall Global

WBA’s brands enter Chinese consumer market through Tmall Global

DEERFIELD, Ill. and HANGZHOU, China — Walgreens Boots Alliance, Inc. and Alibaba Group Holding Ltd. today announced the launch of a Boots flagship store on Tmall Global, Alibaba’s B2C platform for international brands and retailers, to introduce a number of iconic Boots beauty brands to more than half a billion consumers on Alibaba’s platforms in

WBA finalizes investment in pharmacy chain GuoDa

WBA finalizes investment in pharmacy chain GuoDa

DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) today announced that, following receipt of regulatory approvals, it has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (GuoDa), a leading retail pharmacy chain in China. WBA acquired the minority stake in GuoDa through a capital increase worth

Walgreens Boots Alliance tops Q3 earnings forecast

Walgreens Boots Alliance tops Q3 earnings forecast

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA), which entered the Dow this week, topped analysts’s forecasts in its third quarter earnings, boosted its dividend and announced a $10 billion share buyback. “I am pleased that, in what has been a challenging environment, we have again delivered solid earnings per share growth combined with healthy cash flow,” said

WBA authorizes share repurchase program, increases quarterly dividend

WBA authorizes share repurchase program, increases quarterly dividend

DEERFIELD, Ill. — Walgreens Boots Alliance announced that its board of directors has authorized a share repurchase program for up to $10 billion of the company’s shares. The program has no specified expiration date. The company also announced that its board of directors declared a quarterly dividend of 44 cents per share, an increase of

WBA to join Dow Jones Industrial Average

WBA to join Dow Jones Industrial Average

NEW YORK — Walgreens Boots Alliance Inc. will replace General Electric Co. in the Dow Jones Industrial Average (DJIA) effective prior to the open of trading on Tuesday, June 26. “General Electric was an original member of the DJIA in 1896 and a member continuously since 1907,” says David Blitzer, managing director and chairman of the index committee at

Walgreens Boots Alliance posts 2Q gains

Walgreens Boots Alliance posts 2Q gains

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) reported better-than-expected earnings and revenue on Wednesday when it announced results for the second quarter of fiscal 2018, which ended February 28. Overall, WBA earned $1.73 a share, up 27% versus a year ago. Revenue grew 12.1% to $33.02 billion. Same-store sales rose 2.4%, with comparable-pharmacy sales up

Walgreens raises beauty to an even higher level

Walgreens raises beauty to an even higher level

DEERFIELD, Ill. — The elevation of beauty at Walgreens continues to take the category to new heights. The retailer has just completed the second phase of the Walgreens Beauty Differentiation concept rollout, diversifying its department mix with new brands and tonics. The new experience offers an updated and stress-free beauty shopping experience with testers and

Kehoe to succeed Fairweather as CFO at WBA

Kehoe to succeed Fairweather as CFO at WBA

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) recently announced the appointment of James Kehoe as the company’s executive vice president and global chief financial officer, effective June 1. Kehoe will succeed George Fairweather, who has served as WBA’s global CFO since February 2015. Fairweather has been instrumental in the formation of WBA, the subsequent integration

Execs in spotlight at Retailer of the Year Awards

Execs in spotlight at Retailer of the Year Awards

NEW YORK — At a reception in Manhattan this month, Chain Drug Review honored the recipients of the publication’s Retailer of the Year Awards. In the spotlight before a throng of their retail peers and supplier partners were Alex Gourlay, co-chief operating officer of Walgreens Boots Alliance (WBA), who was named Retailer of the Year; Kevin

More Rite Aid stores transferred to Walgreens

More Rite Aid stores transferred to Walgreens

CAMP HILL, Pa. — Rite Aid Corp. is winding down its asset sale to Walgreens Boots Alliance (WBA) with the ownership transfer of 537 more stores. Rite Aid said Tuesday that as of March 2, it has transferred 1,651 stores and related assets to WBA for cash proceeds of $3.6 billion. The process has progressed

Realignment in U.S. health care sector accelerates

Realignment in U.S. health care sector accelerates

NEW YORK — The U.S. health care industry has been in flux for a number of years, but the pace of transformation now appears to be accelerating rapidly. Several of the biggest players in the U.S. health care sector are making moves to confront an uncertain future — one that may bring unwelcome competition and

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