DEERFIELD, Ill. — Walgreens Boots Alliance (WBA), which entered the Dow this week, topped analysts’s forecasts with 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
PALM BEACH, Fla. – Change – confronting it and creating it – has emerged as a powerful theme of the 2018 National Association of Chain Drug Stores Annual Meeting. That fact was on display throughout Business Program remarks yesterday by NACDS chairman of the board Alex Gourlay, co-chief operating officer of Walgreens Boots Alliance and
GAINESVILLE, Fla. — Walgreens is launching a pilot program here that incorporates new approaches to pricing, promotions, product assortment and service offerings to create a new customer experience. The program, which has been implemented in 17 stores in the Gainesville area, will be monitored over the next 12 to 18 months to gauge customer reaction
Walgreens Boots Alliance, which bills itself as the first global pharmacy-led health and well-being enterprise, is intent on finding strength in the diversity inherent in its scope. Building on a foundation laid in 2007 when the company became a federal contractor in the United States, WBA is working hard to develop a workforce, supplier base
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
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is reportedly seeking to acquire drug distributor AmerisourceBergen Corp. The Wall Street Journal reported on February 13 that representatives of WBA executive vice chairman and chief executive officer Stefano Pessina made “a high-level outreach” to representatives of AmerisourceBergen CEO Steven Collis several weeks before the story came out.
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is in negotiations to acquire drug distributor AmerisourceBergen Corp., according to published reports. Representatives of WBA executive vice chairman and chief executive officer Stefano Pessina made “a high-level outreach” to representatives of AmerisourceBergen CEO Steven Collis several weeks ago, The Wall Street Journal reported, citing people familiar with the
CAMP HILL, Pa. — Rite Aid Corp. is making changes in its category management team as it proceeds with an asset sale in which more than 40% of its drug stores will be transferred to Walgreens Boots Alliance (WBA). A Rite Aid spokeswoman confirmed Friday that category management personnel changes are under way but declined
DEERFIELD, Ill. — Rick Gates has been named senior vice president of pharmacy and health care for Walgreens. Gates most recently served as group vice president of pharmacy. With the promotion, he will oversee commercial development and sales, contracting, pharma development, pharmacy supply chain, and clinical programs and alliances, Walgreens Boots Alliance (WBA) said Thursday. He
CAMP HILL, Pa. — Rite Aid Corp. has transferred ownership of nearly a third of the stores sold to Walgreens Boots Alliance (WBA) under a $4.375 billion deal announced in September. Rite Aid said late Monday that WBA has taken ownership of 625 stores and related assets thus far, for which it has paid Rite Aid
DEERFIELD, Ill. — Sebastian James is joining Walgreens Boots Alliance (WBA) as senior vice president and as president and managing director of Boots, the company’s international pharmacy, health and beauty chain based in the United Kingdom. Plans call for James, currently group chief executive at European electronics and telecom retailer and service provider Dixons Carphone plc, to join
DEERFIELD, Ill. — Strong sales gains by the U.S. retail pharmacy division propelled Walgreens Boots Alliance (WBA) in its fiscal 2018 first quarter, which also saw the company exceed Wall Street’s earnings forecast. WBA said Thursday that, for the quarter ended Nov. 30, sales totaled $30.74 billion, up 7.9% from $28.5 billion a year earlier.