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Stefano Pessina

WBA reports fiscal 2020 third quarter results

WBA reports fiscal 2020 third quarter results

DEERFIELD, Ill. —  Walgreens Boots Alliance (WBA) said on Thursday its financial results for the fiscal 2020 third quarter, which ended May 31,  were significantly impacted by the COVID-19 pandemic. “Prior to the pandemic our financial performance for fiscal 2020 was on track with our expectations. However, this unprecedented global crisis led to a loss

Protests, violence force store closures

Protests, violence force store closures

NEW YORK — Target, CVS and Walmart were among the retailers forced to temporarily close stores over the weekend in the face of ongoing protests across the country. Target is temporarily closing stores in California, Georgia, Minnesota, Illinois, and Pennsylvania. The retailer said in a statement on Sunday that it was also prioritizing the rebuilding

WBA’s Q2 sales and earnings top projections

WBA’s Q2 sales and earnings top projections

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) posted better than expected second quarter sales and earnings Thursday. The company’s adjusted earnings per share of $1.52 topped Wall Street’s forecast of  $1.46. Sales of $35.82 billion beat the projection of $35.27 billion. The quarter ended February 29, before the number of COVID-19 cases in the U.S.

Ashworth named president of Walgreens

Ashworth named president of Walgreens

DEERFIELD, Ill. — Richard Ashworth has been named president of the Walgreens drug chain, the largest component of Walgreens Boots Alliance (WBA). In his new role, Ashworth, a 28-year Walgreens veteran, succeeds Alex Gourlay, who remains WBA’s co-chief operating officer and continues to oversee the Walgreens and Boots businesses. Ashworth will be responsible for developing

WBA first quarter results miss projections

WBA first quarter results miss projections

DEERFIELD, Ill. — Walgreens Boots Alliance’s first quarter results fell short of Wall Street’s forecast. Stefano Pessina Adjusted earnings per share for the period ended November 30 were $1.37, while analysts had projected $1.41. Adjusted net earnings slid 11.8% to $1.2 billion, down 11.6% on a constant currency basis, from the year-ago period. Revenue also

Health Foundation honors Pessina

NEW YORK — Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance (WBA), was honored recently by the American-Italian Cancer Foundation (AICF), which presented him with the Alessandro di Montezemolo Lifetime Achievement Award for his outstanding career in health care. Among those honoring Pessina at the foundation’s Benefit Dinner and Auctions

American-Italian Cancer Foundation honors Stefano Pessina

American-Italian Cancer Foundation honors Stefano Pessina

NEW YORK – The American-Italian Cancer Foundation (AICF) presented Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance (WBA), with the Alessandro di Montezemolo Lifetime Achievement Award for his outstanding career in health care. AICF, a New York nonprofit supporting cancer research and early detection, honored Pessina at the organization’s Benefit

WBA has “most difficult quarter” in its history

WBA has “most difficult quarter” in its history

DEERFIELD, Ill. — Promising an aggressive response to “the most difficult quarter” Walgreens Boots Alliance Inc. has had since its creation, executive vice chairman and CEO Stefano Pessina said the company will make “a number of senior appointments,” among other changes. Stefano Pessina Pessina made the comments in response to a 14.3% drop in second

WBA, Microsoft partner to transform health care

WBA, Microsoft partner to transform health care

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Microsoft Corp. have teamed up to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care. The companies will combine the power of Microsoft Azure, Microsoft’s cloud and AI platform, health care investments, and new retail solutions with WBA’s

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