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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, the exclusive retailer for Red Nose Day, is once again selling Red Noses at its stores across the U.S. after a two-year hiatus due to COVID-19. The campaign, running until May 31, supports efforts to combat child poverty. Since 2015, Red Nose Day has raised $275 million, with Walgreens contributing over $140 million. Customers can purchase a Red Nose for $1 and donate at checkout. Funds raised support various organizations dedicated to children’s welfare, addressing healthcare, nutrition, and education.
Blue Shield of California and Walgreens Health are launching 12 new Walgreens Health Corner locations in the San Francisco Bay Area and Los Angeles County to enhance access to in-person and virtual healthcare. The services, available at no additional cost to eligible Blue Shield members, include health screenings, medication counseling, and chronic condition management. This partnership aims to improve care management and reduce healthcare gaps in local communities, with plans for eight additional locations later this year. The initiative is part of the Health Reimagined strategy.
Walgreens Boots Alliance (WBA) reported Q2 fiscal 2022 earnings with an EPS of $1.02, down from $1.06 a year ago. However, adjusted EPS rose 25.9% to $1.59. Sales from continuing operations increased 3.0% to $33.8 billion, driven by strong performance in U.S. retail and COVID-19 services. Operating income rose significantly to $1.2 billion, while net earnings were $883 million, down from $922 million year-over-year. The company is progressing with its Boots business review and expects annual savings of $3.3 billion by 2024.
Walgreens Boots Alliance (WBA) and VillageMD are set to launch three new Village Medical at Walgreens primary care practices in Southern New Hampshire by the end of summer 2022. The first location opens on April 19 in Hooksett, with additional sites in Manchester and Nashua. This initiative will create over 80 full-time jobs, including 35 STEM positions. The partnership aims to enhance accessible healthcare for local communities, addressing significant gaps in coverage. WBA plans to expand to over 600 practices nationwide by 2025, reinforcing its commitment to community health.
Tripadvisor has partnered with Walgreens to promote safe travel during spring break, emphasizing COVID-19 testing access for travelers. This initiative targets college students and families, showcasing Walgreens' drive-thru COVID-19 testing and vaccination options. A Tripadvisor survey reveals 45% of Americans plan to travel in March and April, with 68% of Gen Z intending to get tested. As travel demand grows, 62% of Americans prefer businesses with COVID-19 safety measures. This partnership highlights a strategic move to capture digital media advertising amid increasing travel activity.
Walgreens and Labcorp have launched the nationwide availability of the Pixel by Labcorp® COVID-19 at-home collection kit, accessible at no cost to eligible individuals via Labcorp OnDemand™. This initiative, in partnership with the U.S. Department of Health and Human Services, aims to enhance testing accessibility for underserved communities. Walgreens President John Standley emphasized the importance of reducing healthcare barriers, particularly for uninsured populations. The program complements Walgreens' existing free drive-thru testing at over 7,000 locations and contributes to broader healthcare efforts amidst evolving COVID-19 conditions.
The UK’s leading skincare brand, No7, has shown superior hydration results in a recent study compared to pricier competitors in the US. Specifically, its age defying day creams outperform moisturizers costing ten times more. This follows a successful UK sales record, with one cream sold every ten seconds in 2021. The brand's new marketing campaign, "The UK’s Best-Kept Skincare Secret," aims to establish a stronger presence in the US market. Additionally, No7 is launching more sustainable packaging and a consumer-focused challenge to demonstrate product efficacy.
Walgreens Boots Alliance (WBA) will announce its fiscal 2022 Q2 earnings results on March 31, 2022, at 7 a.m. Eastern Time, followed by a management conference call at 8:30 a.m. The call will be accessible via the WBA investor relations website and will be archived for 12 months. WBA operates approximately 13,000 locations across the US, Europe, and Latin America, focusing on integrated healthcare and retail pharmacy services. The company is recognized for its sustainable practices and its commitment to creating healthier communities.
Walgreens Boots Alliance (Nasdaq: WBA) and VillageMD have announced the opening of five new Village Medical at Walgreens practices in the
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