Welcome to our dedicated page for Walgreen Boots news (Ticker: WBA), a resource for investors and traders seeking the latest updates and insights on Walgreen Boots stock.
Walgreens Boots Alliance, Inc. (WBA) is the first global pharmacy-led, health and wellbeing enterprise. Formed in December 2014 through the combination of Walgreens and Alliance Boots, the company harnesses the strengths of two iconic brands with complementary geographic footprints and a heritage that dates back over a century. WBA operates over 13,100 stores in 11 countries and has a presence in more than 25 countries, employing over 370,000 people worldwide.
WBA is the largest retail pharmacy, health, and daily living destination in the USA and Europe, with its extensive network ensuring nearly three-quarters of Americans live within five miles of a Walgreens location. The company's revenue is majorly generated from prescription drug sales, which account for about two-thirds of its overall sales. Walgreens alone contributes to 20% of total prescription revenue in the U.S.
Alongside prescription sales, WBA's operations include retail products, European drug wholesale, and healthcare services. The company is continuously expanding its services with initiatives such as Health Corner and Village Medical, aiming to create an omnichannel experience for patients and positioning itself as a one-stop healthcare provider.
In recent developments, WBA has made significant strides towards sustainability, such as reducing single-use plastic in its packaging and collaborating with industry partners for better recycling practices. The efforts are part of the company's broader Environmental, Social, and Governance (ESG) initiatives aimed at reducing its environmental impact.
Additionally, Walgreens is expanding its specialty pharmacy services through the introduction of Walgreens Specialty Pharmacy, which integrates AllianceRx and focuses on providing care for patients with complex, chronic conditions. This initiative aims to improve patient outcomes and provide greater value to payers and partners.
WBA’s specialty pharmacy business is bolstered by its subsidiary, Shields Health Solutions, which supports health systems' specialty pharmacies across the U.S. Through these efforts, Walgreens continues to play a pivotal role in the healthcare system, offering comprehensive solutions that bridge gaps in patient care.
For National Women's Health Month, Walgreens has been highlighting the contributions of its female leaders, emphasizing the importance of women's health and wellness. The company organized events focused on work-life balance, mental health, and leadership development, furthering its commitment to diversity, equity, and inclusion.
With a mission to provide joy through better health, Walgreens Boots Alliance remains a trusted name in the healthcare and retail pharmacy sectors, continuously evolving to meet the needs of its customers and communities worldwide.
Grubhub has announced a partnership with Walgreens to offer nationwide delivery from Walgreens and Duane Reade locations through its marketplace. The collaboration enables customers to access approximately 15,000 items for on-demand delivery, including beauty, health and wellness, snacks, personal care, household items, and toys.
According to Grubhub's data, customers who shop from convenience merchants on their platform order nearly three times more per month than those who don't. The partnership focuses on key markets like Chicago and New York City, with both Walgreens and Duane Reade locations being integrated into Grubhub+, the company's loyalty program, offering members benefits such as zero delivery fees, lower service fees, and exclusive offers on eligible orders.
NationsBenefits, a healthcare fintech platform, announced a retail integration with Walgreens that allows members of their 100+ health plan partners to use Benefits Mastercard® Prepaid Cards at Walgreens locations nationwide for eligible over-the-counter health products. The integration utilizes NationsBenefits' proprietary Basket Analyzer Service (BAS) technology for real-time, item-level adjudication at point of sale.
The collaboration aims to improve healthcare accessibility, particularly in underserved communities, by combining Walgreens' retail presence with NationsBenefits' technology infrastructure. The system ensures compliant purchases while maintaining health plan guidelines, leveraging Mastercard's network for enhanced payment acceptance across thousands of locations.
Walgreens reports significant increase in flu activity across the US, with current levels 204% higher compared to the same period last year. The Walgreens Flu Index has tracked four consecutive weeks of increasing flu cases, with Oklahoma, Mississippi, Tennessee, Arkansas, and Texas showing the highest activity levels.
According to Anita Pael, VP of pharmacy services development, the concerning factors are the high numbers of hospitalizations and outpatient visits, with cases not yet peaked. The CDC indicates this is the most intense flu season in 15 years, with flu-symptom-driven doctors' visits exceeding any winter flu season peak since 2009-2010.
Walgreens offers comprehensive flu services including vaccinations, testing, and treatment options. The company provides combination tests for influenza A/B and COVID-19 with results in 30 minutes, along with at-home tests and same-day prescription delivery services.
Walgreens Boots Alliance (WBA) has announced the early settlement of certain prepaid variable share forward transactions related to Cencora shares, resulting in approximately $300 million in proceeds. The transaction involves the delivery of 6.1 million Cencora shares and a concurrent sale of 1.3 million additional shares.
Following the settlement, WBA retains approximately 12.6 million Cencora shares pledged under remaining forward contracts, scheduled to mature during March, June, and September 2025. The company's ownership in Cencora has decreased from 10% to approximately 6%. The proceeds will primarily be used for debt paydown, specifically addressing fiscal year 2026 debt maturities, and general corporate purposes.
The transaction includes a net aggregate cash payment of approximately $20 million to financial institutions. Despite the reduced ownership, WBA maintains its strategic partnership with Cencora, with Ornella Barra continuing to serve on Cencora's Board of Directors.
Walgreens celebrates the one-year anniversary of its Deans Advisory Council, a partnership with 17 pharmacy school deans focused on enhancing the pharmacy profession and addressing industry challenges. The collaboration has yielded several significant achievements, including:
- Launch of the Student Loan 401(k) Match Program
- Enhancement of the Pharmacy Educational Assistance Program offering up to $40,000 in tuition assistance
- Expansion of residency programs at multiple universities
- Establishment of pharmacy practice fellowships
- Implementation of a Patient Code of Conduct
- Revamping of pharmacy practice experiences to emphasize direct patient care
The Council is actively working on reimbursement reform and curriculum development, incorporating modern pharmacy technologies and patient care approaches. The initiative represents a long-term commitment to driving systemic change that benefits pharmacists and patients alike.
Walgreens Boots Alliance (WBA) has announced the suspension of its quarterly cash dividend as part of its broader turnaround strategy. The decision comes as management evaluates and refines the company's capital allocation policy. This strategic move aims to strengthen the company's balance sheet through debt reduction and improved free cash flow.
The company cited upcoming cash requirements, including litigation costs and debt refinancing, as key factors in the dividend suspension decision. WBA's leadership emphasizes their commitment to executing strategic priorities and maintaining financial discipline to create long-term value.
Walgreens Boots Alliance (WBA) reported fiscal 2025 first quarter results with sales increasing 7.5% year-over-year to $39.5 billion. The company reported a loss per share of $0.31, compared to a loss of $0.08 in the year-ago quarter, while adjusted EPS was $0.51 versus $0.66 previously.
The U.S. Retail Pharmacy segment saw sales rise 6.6% to $30.9 billion, with pharmacy sales up 10.4% and comparable prescriptions filled increasing 2.3%. However, retail sales decreased 6.2%. The International segment grew 10.2% to $6.4 billion, with strong performance from Boots UK and Germany. U.S. Healthcare segment reached $2.2 billion in sales with growth across all businesses.
WBA maintains its fiscal 2025 adjusted EPS guidance of $1.40 to $1.80, with growth in U.S. Healthcare and International expected to be offset by U.S. Retail Pharmacy decline and higher tax rates.
Walgreens Boots Alliance (WBA) has rescheduled its fiscal year 2025 first quarter earnings announcement from January 9 to January 10, 2024. The change is due to the closure of the Securities and Exchange Commission and U.S. stock markets on January 9 in observance of a national day of mourning for former President Jimmy Carter.
The company will release its Q1 results at 7 a.m. ET on January 10, followed by a one-hour conference call with management at 8:30 a.m. ET. The earnings call will be simulcast through WBA's investor relations website, with a replay available for 12 months after the call.
CaringBridge and Walgreens (WBA) announced a two-day donation matching campaign on December 17-18, where Walgreens will match donations up to $50,000. This initiative extends their existing partnership through CaringBridge.TheGiftCardShop.com, where CaringBridge receives 3% of every Walgreens gift card purchase value to support caregivers of individuals with health challenges.
The platform, powered by InComm Payments, enables people to send gift cards to family caregivers, providing practical support for health supplies, prescriptions, and daily necessities. The gift cards are available through 'Ways to Help' on CaringBridge pages and their dedicated gift card shop website.
This story has been deleted by the news provider.
FAQ
What is the current stock price of Walgreen Boots (WBA)?
What is the market cap of Walgreen Boots (WBA)?
What is Walgreens Boots Alliance, Inc. (WBA)?
How many stores does Walgreens Boots Alliance operate?
What are the main revenue sources for Walgreens Boots Alliance?
What recent sustainability efforts has WBA made?
What is Walgreens Specialty Pharmacy?
How does Walgreens Boots Alliance contribute to women's health?
What role does Shields Health Solutions play within WBA?
How does Walgreens Boots Alliance ensure accessibility for its customers?
What is WBA's mission?
What recent expansions has WBA made in its core pharmacy business?
