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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.
Walgreens has launched its inaugural Clinical Trials Patient Advisory Board, consisting of 10 patient experts who will serve 2-year terms. The board will collaborate with the Walgreens Clinical Trials team to enhance representation in clinical research, particularly focusing on historically excluded communities.
Since launching in June 2022, the Clinical Trials team has reached over 7 million patients for potential recruitment into sponsor-led trials. This initiative addresses significant challenges in clinical research, as only 5% of the U.S. population participates in clinical trials, and nearly 80% of trials fail to meet enrollment goals.
Walgreens reveals that 47% of Americans have missed holiday events due to illness, with nearly one-third worried about it happening again. The company's survey shows 82% of respondents prioritize health and well-being, with 40% planning preventative measures like vaccinations. Walgreens is responding with a holiday campaign focused on health, offering vaccinations nationwide and various wellness products.
The trend is particularly strong among younger generations, with 75% of Gen Z and 70% of Millennials more likely to make health-related changes this holiday season. To support customers, Walgreens is providing convenient access to health products, staying open during major holidays, and offering services like Same Day Refill, 30-minute in-store Pickup, and 1-hour Delivery.
Walgreens Boots Alliance (WBA) has announced it will release its fiscal year 2025 first quarter financial results on Thursday, January 9 at 7 a.m. ET. The announcement will be followed by a one-hour conference call with management at 8:30 a.m. ET. The call will be available through a simulcast on the company's investor relations website, with a replay accessible for 12 months afterward.
Walgreens Boots Alliance (WBA) announces a proposed settlement for a stockholder derivative action in the U.S. District Court for the District of Delaware. The lawsuit, filed by James Clem on behalf of Walgreens, addresses alleged breaches of fiduciary duties related to statements about a proposed Rite Aid merger. The settlement includes corporate governance reforms to be maintained for 5 years, focusing on board attendance, director training, audit committee responsibilities, and whistleblower controls. The agreement includes $750,000 in attorney fees and potential $2,500 service award for the plaintiff. A settlement hearing is scheduled for January 23, 2025.
Walgreens (WBA) has expanded its partnership with the CDC to offer no-cost rapid COVID-19 and flu testing to military veterans at stores nationwide. The service provides combination tests with results in 30 minutes or less. Veterans can schedule appointments online or walk in, requiring only self-attestation of veteran status and either symptoms or recent COVID-19 exposure. The program includes follow-up care referrals to VA Health Connect and pharmacist consultation for positive cases. Uninsured patients can also access free testing through this CDC program. Since partnering with CDC in 2020, Walgreens has administered over 37 million COVID-19 tests.
Walgreens has launched its 2024-2025 Flu Index, an interactive online tool tracking weekly flu activity through prescription data from its pharmacies nationwide. The index, running for 11 years, shows southern states typically experience earlier and more intense flu peaks. Despite current low activity levels, a seasonal spike is anticipated. Rick Gates, chief pharmacy officer, emphasizes the importance of protection against flu, COVID-19, and RSV before the holiday season. The company offers various vaccination options, including walk-ins and scheduled appointments, with a 20% discount promotion for myWalgreens members on purchases of $20 or more after vaccination.
Walgreens is offering a special 20% discount to veterans, active-duty military personnel, and their families from November 8 through November 11, 2024. The discount applies to regular-priced eligible store items at all Walgreens and Duane Reade locations nationwide.
Through the free myWalgreens loyalty program, members can earn additional benefits including 1% Walgreens Cash rewards storewide and 5% on Walgreens branded products. The discount requires proof of service and myWalgreens membership, which can be obtained at checkout or online. Stores will maintain regular business hours on Veterans Day, with 24-hour pharmacies remaining open and select non-24-hour pharmacies operating with modified hours.
Uber Eats has launched nationwide acceptance of SNAP EBT payments, partnering with Albertsons Companies' grocery stores (including Safeway, Jewel-Osco, and Vons) and Walgreens locations. The initiative aims to expand access to nutritious food for millions of Americans. EBT cardholders will receive free delivery on their first three SNAP-eligible orders and a 3-month free Uber One membership. The service, powered by Forage's payment technology, allows eligible customers to order groceries through the Uber Eats app using their SNAP benefits. Uber plans to add more retailers to the program in the coming months.
Walgreens Boots Alliance (WBA) has announced its board of directors' declaration of a quarterly dividend of 25 cents per share, maintaining the same rate as the previous quarter. The dividend will be paid on December 12, 2024, to stockholders of record as of November 18, 2024. This continues the company's remarkable dividend payment streak, which spans 368 consecutive quarters (92 years), including payments from its predecessor company, Walgreen Co.
Walgreens (Nasdaq: WBA) and Veeva Systems (NYSE: VEEV) have announced a long-term strategic partnership aimed at improving patient outcomes in the healthcare sector. The collaboration will enhance Veeva Data Cloud products while granting Walgreens access to Veeva's Data Cloud and Clinical Platform.
As a major retail and specialty pharmacy provider, Walgreens will contribute to expanding the breadth of data in Veeva Data Cloud, enabling life sciences companies to better understand market trends and improve patient care. This partnership leverages Walgreens' position as a neighborhood health destination and Veeva's expertise in life sciences software and data services.
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