Welcome to our dedicated page for Walgreens Boots Alliance news (Ticker: WBA), a resource for investors and traders seeking the latest updates and insights on Walgreens Boots Alliance 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.
Walgreens is offering cash rewards for vaccinations, including a $5 reward from August to December and a $10 reward in September for anyone receiving vaccines at its nearly 9,000 locations. This initiative aims to combat rising flu cases, observed as flu activity in the Southern Hemisphere points to possible increases in the U.S. during the 2022-2023 season. Vaccination appointments are encouraged, allowing for co-administration of various vaccines. Additionally, Walgreens continues its 'Get a Shot. Give a Shot.' program to provide immunizations to children globally.
This August, Huggies and Walgreens are partnering for the sixth consecutive year to address diaper need in the U.S. For every pack of Huggies Diapers purchased, one day's worth of diapers will be donated to the National Diaper Bank Network, with a goal of donating up to 1 million diapers. Diaper need affects one in three families in the U.S., impacting children's health and wellbeing. Since 2011, this collaboration has provided over 300 million diapers to families in need. The initiative emphasizes the importance of access to clean diapers for children's health.
Walgreens is partnering with CAMP to offer limited-edition Ultimate Beach Day Bundles to families nationwide, promoting sun safety and summer fun. Starting August 5, families can reserve these free bundles featuring Walgreens brand health products. On August 11, an event in Domino Park, Brooklyn, will include activities like a treasure hunt and beach yoga. One bundle hides a grand prize for a beach vacation. Walgreens emphasizes their commitment to health and wellness through this initiative, showcasing their range of pharmacist-recommended products.
Walgreens Boots Alliance (WBA) has announced a quarterly dividend of 48 cents per share, marking a 0.5% increase from the previous rate. This dividend is set to be paid on September 9, 2022, to stockholders of record as of August 19, 2022. The annual dividend rate has risen from $1.91 to $1.92 per share. WBA has consistently paid dividends for over 89 years and has increased them for 47 consecutive years, reflecting the company's longstanding commitment to returning value to its shareholders.
Walgreens Boots Alliance (WBA) reported third-quarter fiscal 2022 results, with EPS from continuing operations down 73.8% to $0.33, compared to $1.27 last year. Adjusted EPS decreased 30.0% to $0.96. Sales fell 4.2% to $32.6 billion, reflecting a significant impact from AllianceRx Walgreens. Operating income showed a loss of $320 million, compared to a gain of $1.1 billion last year. Despite these challenges, retail comparable sales grew 2.4%, and Walgreens Health pro forma sales surged 65%. The company aims for $3.5 billion in annual cost savings by fiscal 2024.
Walgreens Boots Alliance (WBA) has decided to retain its Boots and No7 Beauty Company businesses after a strategic review initiated in January. Despite considerable interest from buyers, the ongoing instability in global financial markets hindered potential offers. WBA is focusing on the continued growth of Boots and No7, which have shown strong performance. CEO Rosalind Brewer noted the necessity of this decision amid challenging conditions, emphasizing the potential for future opportunities in the healthcare and beauty sectors.
Walgreens is expanding its Health Corner services to over 2.27 million patients across California, New Jersey, and Ohio by summer's end. This initiative is part of a collaboration with Buckeye Health Plan to provide health services to Medicaid members in northeast Ohio. Walgreens Health Corners will enhance access to healthcare, offering services like health screenings, chronic condition management, and personalized care by Health Advisors. The number of locations will grow from 55 to about 100 by the end of 2022.
Walgreens will start administering Pfizer and Moderna COVID-19 vaccines to children aged 3 and older at select locations starting Saturday, June 25. This follows FDA Emergency Use Authorization and CDC guidance for vaccinating younger children. Parents are encouraged to schedule appointments via Walgreens.com or the Walgreens app. Walgreens pharmacists, experienced in pediatric immunizations, aim to provide comfort and education for families during the vaccination process. Notably, Walgreens has extensive experience in administering vaccines to millions of children and adolescents.
Walgreens and Greater Than AIDS are hosting the largest National HIV Testing Day event in over 250 cities on June 27, aiming to increase awareness and access to HIV testing. This initiative addresses a decline in testing during the COVID-19 pandemic, where about 13% of the 1.2 million people living with HIV in the U.S. are unaware of their status. The event will provide free, confidential testing at participating Walgreens locations, supported by local health departments and community organizations.
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