DEERFIELD, Ill. — Stefano Pessina is bullish about the future of Walgreens Boots Alliance in the wake of Rosalind Brewer’s appointment to succeed him as the company’s chief executive officer. A former CEO of Walmart’s Sam’s Club division and currently chief operating officer and group president at Starbucks Corp., Brewer will join WBA on March
DEERFIELD, Ill. – Roz Brewer, who most recently served as chief operating officer and group president at Starbucks Corp., has been appointed chief executive officer of Walgreens Boots Alliance, effective March 15. She will succeed Stefano Pessina and also join the WBA board of directors. In that role, Brewer will be the only African-American woman
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. will hold its virtual annual stockholders’ meeting on January 28 at 8 a.m. (Central Standard Time), the company said. A live audio webcast of the meeting will be available through the WBA investor relations website at https://investor.walgreensbootsalliance.com. A replay of the meeting will be archived on the website for
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has made a majority investment in iA, a leading-edge provider of software enabled automation solutions for retail, hospital, federal health care and mail-order pharmacy markets. WBA’s investment will support iA’s expansion and further development of pharmacy automation solutions to benefit the entire pharmacy industry. For millions of
DEERFIELD, Ill. — Walgreens Boots Alliance Inc.’s first quarter profits beat analysts’ projections handily. The company’s adjusted earnings per share of $1.22 topped the forecast of $1.03. Revenue for the period ended November 30 rose 5.7% to $36.3 billion, driven by gains in U.S. store sales and wholesaling. “Our first quarter results exceeded expectations
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) on Thursday projected single-digit profit growth in fiscal 2021 after reporting better-than-expected fourth-quarter earnings, helped by higher sales at U.S. stores. Sales in U.S. stores in the quarter ended August 31 advanced 3.6% to $27.0 billion, with same-store sales rising by the same amount. WBA said it anticipates
DEERFIELD, Ill. — With the appointment of John Standley as Walgreens’ president yesterday, the management team at Walgreens Boots Alliance (WBA) gained an invaluable asset — a proven retail leader well equipped to provide a fresh, new perspective on the strategic transformation of the business that is already underway. A former chief executive officer at
DEERFIELD, Ill. — Walgreens Boots Alliance is searching for a new chief executive officer following last month’s announcement that Stefano Pessina will step down from that role. Once a new CEO is appointed, Pessina will become executive chairman, succeeding Jim Skinner, who will remain on the board of directors to help facilitate a smooth leadership
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) announced on Monday plans for a transition of leadership, to prepare for the appointment of a new chief executive officer as Stefano Pessina has decided to step down from that role. The board of directors will begin a search for a new CEO, and at the time of
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
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
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.