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Walgreens Boots Alliance

Walgreens beats Q3 earnings forecasts

Walgreens beats Q3 earnings forecasts

DEERFIELD, Ill. — Walgreens Boots Alliance’s (WBA’s) third quarter profit beat analysts’ expectations, as U.S. pharmacy sales rose 4.3% in the period ended May 31. Net earnings slipped 23.6% to $1 billion compared to the year-ago quarter, while net earnings per share decreased 16.5% to $1.13. Stripping out special items, the company earned $1.47 per

WBA teams on cancer prevention program

WBA teams on cancer prevention program

DEERFIELD, Ill. — Walgreens Boots Alliance has entered into a charitable partnership with European and American cancer organizations “to support people living with cancer at all moments of their journey.” The Collaboration for Cancer Prevention, Research and Support will cooperate on initiatives to develop and support innovative cancer research infrastructure and share best practices to

WBA to participate in SVB Leerink Global Healthcare Conference

WBA to participate in SVB Leerink Global Healthcare Conference

DEERFIELD, Ill. – Walgreens Boots Alliance announced Friday that global chief financial officer James Kehoe will participate in a fireside chat at the 8th Annual SVB Leerink Global Healthcare Conference, Thursday, February 28 at 3:00 p.m. Eastern time. The conference is being held at Lotte New York Palace in New York City. An audio portion of

Walgreens gets the largest share of Shopko auction assets

Walgreens gets the largest share of Shopko auction assets

NEW YORK – Walgreens Boots Alliance was the big winner in the auction for the pharmacy assets of bankrupt retailer Shopko, taking charge of about half the assets that were on sale. Agreements are in various stages that get Walgreens the assets (including prescription inventories, records, customer lists and patient profiles) from 60 of the about 120 pharmacies

Walgreens earnings beat Wall Street projections

Walgreens earnings beat Wall Street projections

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) on Thursday reported first quarter double-digit earnings growth for fiscal 2019 that beat analysts’ expectations, while revenue fell short of forecasts. The retailer’s revenue was $33.79 billion. “We are pleased to have delivered double-digit percentage growth in earnings per share in the first quarter, including solid results in

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

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