DEERFIELD, Ill. — Walgreens Boots Alliance posted first quarter sales and earnings that topped analysts’ forecasts. WBA reported adjusted earnings per share of $1.16, surpassing the expected $1.14. Revenue for the three-month period ended Nov. 30 was $33.38 billion, ahead of the projected $32.84 billion. Walgreens’ front end sales grew 0.8 percent, with same-store sales
NEW YORK — With family planning rights under major threat in several states, the Food and Drug Administration (FDA) announced this week a move to expand access to abortion. Now chains such as CVS and Walgreens will be able to sell abortion pills to those with prescriptions. The FDA gave the green light to mifepristone
OKLAHOMA CITY – Oklahoma Attorney General John O’Connor announced on Wednesday four new settlements in the State’s opioid litigation. With these new settlements, Oklahoma has now recovered more than $900 million in opioid settlements. Oklahoma now ranks near the top of all states in total funds recovered on a per capita basis from the companies
WEST DES MOINES, Iowa — Hy-Vee will host its next quarterly Best of Local Brands Summit in March to expand and enhance the product offerings at its more than 285 retail stores in Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin. Since the Best of Local Brands summits began in early 2021, more
WASHINGTON – It’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession, but continuing interest rate hikes increase the chances, National Retail Federation Chief Economist Jack Kleinhenz said Tuesday. “This year starts with the possibility of easing inflation but also uncertainty,” Kleinhenz said, referring to the interest
WEST DES MOINES, Iowa — Hy-Vee is offering several events in January to help people get a jumpstart on their health goals. With the start of the new year, Hy-Vee’s team of registered dietitians will offer 1,000 free Vitamin D screenings at nearly 60 stores throughout Hy-Vee’s eight-state region. Vitamin D is an essential nutrient
PURCHASE, N.Y. — U.S. retail sales (excluding automotive) increased 7.6% year-over-year this holiday season, according to Mastercard SpendingPulse, which defines the season as the period running from November 1 through December 24. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation. “This holiday retail season
WEST DES MOINES, Iowa — Hy-Vee CEO Jeremy Gosch was named vice chairman of Hy-Vee’s board of directors, in one of five leadership changes announced by Hy-Vee executive chairman of the board and executive director Randy Edeker at the company’s annual stockholder’s meeting here. Other leadership changes announced at the meeting: Longtime Hy-Vee executive Donna
PHILADELPHIA — Rite Aid reported a narrower than projected loss and topped Wall Street’s revenue forecast for its third quarter. The company reported an adjusted loss of $7.9 million, or 14 cents a share. Analysts had estimated it would be 15 cents a share. Revenue of $6.08 billion bettered Wall Street’s expectation of $5.94 billion.
BENTONVILLE, Ark. — Walmart said Tuesday that it now has settlement agreements with all 50 states, including four states that previously settled with the company, as well as the District of Columbia, Puerto Rico, and three other U.S. territories. The agreements surpassed the first threshold required for finalizing the company’s $3.1 billion nationwide opioid settlement
WASHINGTON — The National Retail Federation on Tuesday applauded the inclusion of the “Integrity, Notification, and Fairness in Online Retail Marketplaces (INFORM) for Consumers Act” in year-end congressional omnibus legislation. “On behalf of the retail industry, we are extremely pleased negotiators included the INFORM Act in the omnibus package, and we look forward to passage
NEW YORK — Both CVS and Walgreens said they are limiting how many children’s pain and fever medications customers can buy — the latest sign that pharmacies are struggling to keep up with demand for basic cold and flu remedies, as respiratory illnesses spike nationwide. CVS is limiting customers to a “two product limit on