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 Boots Alliance (Nasdaq: WBA) will participate in the 2nd Annual Wolfe Research Healthcare Conference on November 19 at 1:10 p.m. Eastern time. Co-COO Alex Gourlay and CFO James Kehoe will represent the company.
The virtual event will be accessible via the company's investor relations website. WBA is a global leader in pharmacy and has over 21,000 stores across more than 25 countries, employing over 450,000 individuals. The company, recognized for its healthcare contributions, aims to promote healthier lives globally.
Walgreens Boots Alliance (Nasdaq: WBA) and McKesson Corporation (NYSE: MCK) have finalized their joint venture to merge their pharmaceutical wholesale businesses in Germany, creating Alliance Healthcare Deutschland. WBA retains a 70% controlling equity interest, while McKesson holds 30%. This partnership aims to enhance pharmaceutical distribution, support pharmacists, and innovate services within the German healthcare landscape. Both companies express optimism about operational success and improved healthcare delivery.
Walgreens Boots Alliance (Nasdaq: WBA) announced the appointment of Valerie Jarrett to its board of directors and audit committee, effective immediately. Jarrett, an independent director and the first African-American woman on the board, brings a wealth of experience from her roles in high-profile organizations, including Lyft and the Obama Foundation. Her appointment aligns with WBA's goals for diversity and inclusion, enhancing the board's perspective at a critical time for the company. This strategic move aims to strengthen the company’s leadership amidst evolving healthcare demands.
Walgreens Boots Alliance (Nasdaq: WBA) announced a quarterly dividend of 46.75 cents per share, unchanged from the previous quarter but a 2.2% increase from last year. This dividend will be paid on December 11, 2020, to shareholders on record as of November 19, 2020. The company has a long-standing commitment to dividends, having paid them for 352 consecutive quarters and raised them for 45 consecutive years. Walgreens Boots Alliance continues to be a leader in the pharmacy sector, serving millions of customers globally.
Walgreens expands its COVID-19 testing program to include children aged 3 and older, enhancing access to testing services across the U.S. Previously, testing was limited to those aged 18 and over. With approximately 620 testing sites currently operational and an additional 80 set to open, Walgreens aims to support communities, particularly those identified as socially vulnerable by the CDC. Testing is provided at no cost for eligible individuals and results are typically available within 24 to 72 hours. This initiative underscores Walgreens' commitment to community health during the pandemic.
Walgreens Boots Alliance (WBA) reported fiscal Q4 2020 earnings with a net profit drop of 44.9% to $373 million, and EPS down 42.8% to $0.43, largely impacted by COVID-19. Adjusted net earnings fell 30.9% to $887 million, and sales rose 2.3% to $34.7 billion. For the full fiscal year, net earnings decreased 88.5% to $456 million, with adjusted EPS at $4.74, down 20.8%. WBA anticipates low single-digit growth in adjusted EPS for fiscal 2021, with strategic investments focused on customer-centric improvements and omnichannel capabilities.
Walgreens Boots Alliance (Nasdaq: WBA) announced that Ornella Barra, Co-Chief Operating Officer, was commended for her sustainability leadership at the Responsible Business Awards 2020. The award recognizes her dedication to community health and innovation. Ms. Barra, who chairs WBA’s Corporate Social Responsibility (CSR) Committee, emphasized the company's commitment to building healthy communities and sustainable practices, especially during the pandemic. Under her leadership, WBA has achieved multiple awards, including the Global Leadership Award by the UN Foundation.
Asembia and Walgreens have announced an enhanced collaboration through a new group purchasing organization (GPO) solution. This partnership aims to foster efficiencies and create innovative pharmaceutical contracts. Asembia will serve as the primary GPO, negotiating specialty pharmacy contracts that leverage technology and supply chain management. This move is intended to provide increased value to pharmaceutical manufacturers and enhance Walgreens' offerings. The collaboration builds on a 15-year relationship and is designed to adapt to changing healthcare delivery dynamics.
Walgreens Boots Alliance (Nasdaq: WBA) will announce its fourth quarter and fiscal 2020 earnings on October 15, 2020, at 7 a.m. Eastern time. This will be followed by a conference call with management at 8:30 a.m. Eastern time, accessible via their investor relations website. The call will be available for replay until October 22, 2020. WBA, a leader in retail and wholesale pharmacy with over 18,750 stores globally, emphasizes its commitment to health and sustainability, with recognition for its corporate social responsibility efforts.
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