Walgreens Boots Alliance, Inc.NASDAQ
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  • Today, 2:41 PM
    • Amazon (NASDAQ:AMZN) sees an opportunity in the U.S. to open up as many as 2K Amazon Fresh grocery stores in the next ten years, according to Business Insider.
    • A 20-store pilot program is expected to be up and running by the end of 2018, with a mix of traditional-style grocery stores and online pickup locations.
    • Internal documents reviewed by BI indicate that Amazon is still deciding if the stores will be tied to Amazon Prime memberships.
    • Amazon's determination with a large-scale store roll-out could have significance for grocery stores and other retail chains (WMK, SVU, WFM, IMKTA, CASY, KR, SFS, WBA, CASY, WMT, TGT, RAD) as they consider their own future models.
    | Today, 2:41 PM | 57 Comments
  • Fri, Oct. 21, 7:46 AM
    • Almost Family (NASDAQ:AFAM) upgraded to Outperform from Sector Perform with a $55 (31% upside) price target by RBC Capital.
    • Walgreens Boots Alliance (NASDAQ:WBA) upgraded to Buy from Hold by Jefferies. Price target raised to $95 (17% upside) from $87.
    • Arbutus Biopharma (NASDAQ:ABUS) upgraded to Neutral from Sell with a $3 price (0% upside) target by Chardan Capital.
    • Quintiles IMS Holdings (NYSE:Q) downgraded to Hold from Buy with a $79 (6% upside) price target by Jefferies.
    • Anthem (NYSE:ANTM) downgraded to Neutral from Overweight by JPMorgan. Price target lowered to $132 (6% upside) from $154.
    • Bluebird bio (NASDAQ:BLUE) downgraded to Sell from Hold by Cantor Fitzgerald. Price target lowered to $37 (32% downside risk) from $42.
    • Henry Schein (NASDAQ:HSIC) downgraded to Neutral from Buy by Baird. Price target lowered to $164 (7% upside) from $176.
    | Fri, Oct. 21, 7:46 AM
  • Thu, Oct. 20, 8:44 AM
    • Walgreens Boots Alliance (NASDAQ:WBA) fiscal Q4 results ($M): Net Sales: 28,636 (+0.4%); Retail Pharmacy USA: 20,747 (+4.0%); Retail Pharmacy Intl: 3,037 (-10.9%); Pharmaceutical Wholesale: 5,400 (-6.2%).
    • Operating Income: 1,140 (+36.4%); Net Income: 1,035 (+999%); Non-GAAP Net Income: 1,166 (+20.3%); EPS: 0.95 (+999%); Non-GAAP EPS: 1.07 (+21.6%); CF Ops: 2,658 (+76.6%).
    • Fiscal 2017 Guidance: Non-GAAP EPS: $4.85 - 5.20, including $0.05 - 0.12 accretion from Rite Aid.
    • Shares are up 2% premarket on modest volume.
    | Thu, Oct. 20, 8:44 AM
  • Thu, Oct. 20, 8:22 AM
    • In accordance of their agreement, Walgreens Boots Alliance (NASDAQ:WBA) and Rite Aid (NYSE:RAD) extend the end date of their intended merger three months to January 27, 2017. The transaction is expected to close sometime in January.
    | Thu, Oct. 20, 8:22 AM | 5 Comments
  • Thu, Oct. 20, 7:08 AM
    • Walgreens Boots Alliance (NASDAQ:WBA) and Rite Aid (NYSE:RAD) say they have  agreed to extend the end date of their merger agreement to January 27, 2017 from October 27, 2016.
    • The companies now expect the merger to close in the early part of 2017.
    • Source: Press Release
    | Thu, Oct. 20, 7:08 AM | 13 Comments
  • Thu, Oct. 20, 7:03 AM
    • Walgreens Boots (NASDAQ:WBA): FQ4 EPS of $1.07 beats by $0.08.
    • Revenue of $28.64B (+0.4% Y/Y) misses by $420M.
    • Press Release
    | Thu, Oct. 20, 7:03 AM
  • Wed, Oct. 19, 5:30 PM
    | Wed, Oct. 19, 5:30 PM | 1 Comment
  • Wed, Oct. 19, 10:59 AM
    • Just a negotiating tactic? Height Securities suggests that Kroger (KR +0.5%) may have intentionally leaked that they were close to stepping away from plans to buy Walgreens and Rite Aid (RAD -5.3%) stores.
    • The investment firm speculates that Kroger is still in the mix while it waits for a sweeter offer from Walgreen Boots Alliance (WBA -0.8%).
    • Previously: NY Post: Kroger may not buy Walgreens-Rite Aid stores (Oct. 19)
    | Wed, Oct. 19, 10:59 AM | 28 Comments
  • Wed, Oct. 19, 10:14 AM
    • Rite Aid (RAD -4.5%) tumbles in early trading after the NY Post reports that Kroger (KR +0.3%) may pass on buying the 650 stores that Walgreens (WBA -1.2%) and RAD would need to sell to gain regulatory approval for their planned merger.
    • KR may decide not to buy because the Federal Trade Commission, now a year into its merger review, recently told the company that the stores could not be purchased and closed, with the operations moved inside the grocery stores, according to the report.
    • A WBA-RAD merger would create the biggest U.S. drug chain, and the FTC could sue to block the deal without a solution to the stores, but the report quotes a source as saying that both the FTC and WAG remain motivated to find a remedy.
    | Wed, Oct. 19, 10:14 AM | 116 Comments
  • Mon, Oct. 17, 12:22 PM
    • Walgreens is the latest retailer to add ship-to-store capabilities to its e-commerce business.
    • The chain says there will be no minimum charge for the Ship to Store program. Free shipping will still apply to online orders of $35 or more sent to a customer's home.
    • Parent Walgreen Boots Alliance (WBA -0.3%) is due to report Q3 earnings on October 20.
    | Mon, Oct. 17, 12:22 PM | 4 Comments
  • Wed, Oct. 12, 4:31 PM
    • Walgreens Boots (NASDAQ:WBA) declares $0.375/share quarterly dividend, in line with previous.
    • Forward yield 1.92%
    • Payable Dec. 12; for shareholders of record Nov. 17; ex-div Nov. 15.
    | Wed, Oct. 12, 4:31 PM | 1 Comment
  • Tue, Oct. 11, 1:35 PM
    • A large part of the retail sector will need to keep a watchful eye on Project Como at Amazon. The plan from the Seattle company to sell perishables out of small brick-and-mortar stores could be a disrupter if it were to be built out at scale.
    • Convenience store chains such as Casey's General Stores (NASDAQ:CASY), Murphy's USA (NYSE:MUSA), and CST Brands (NYSE:CST) are already being targeted by 7-Eleven's aggressive expansion goals in the U.S. A store roll-out by Amazon could also impact drug store chains Walgreens (NASDAQ:WBA) and Rite Aid (NYSE:RAD) - as well as apply pricing pressure to the sensitive grocery store sector (KR, SVU, SPTN, IMKTA).
    • Previously: 7-Eleven eyes huge expansion in U.S. (Sept. 22)
    • Previously: Amazon considered to be planning convenience stores, curbside pickup locations for grocery products (Oct. 11)
    | Tue, Oct. 11, 1:35 PM | 23 Comments
  • Thu, Oct. 6, 3:51 PM
    • "There is a growing consensus that suggests a troubling decrease in competition," says FTC Commissioner Terrell McSweeny in prepared remarks at a conference. "Against this backdrop, "the role antitrust plays in maintaining competitive markets has become, quite appropriately, an important topic of public debate."
    • Pretty vanilla stuff, but there was also a report last week suggesting the FTC wanted more in the way of divestitures from Walgreens Boots Alliance (WBA -0.3%) before greenlighting the merger.
    • RAD -2.85%
    | Thu, Oct. 6, 3:51 PM | 168 Comments
  • Wed, Sep. 28, 9:19 AM
    • Private equity firms aren't showing a great deal of interest in the 650 retail stores being unloaded by Walgreens Boots Alliance (NASDAQ:WBA) in order to comply with the FTC's ruling on the Rite Aid (NYSE:RAD) merger, reports New York Post. Many of the stores are seen as unprofitable investments.
    • The lack of interest could pave the way for CVS Health (NYSE:CVS) to step in and buy stores selectively if the FTC and Walgreens back off the stated goal of finding a single buyer.
    • The 650 units on the sales block only represent 5% of the total Walgreens-Rite Aid store count.
    | Wed, Sep. 28, 9:19 AM | 88 Comments
  • Wed, Sep. 21, 11:20 AM
    | Wed, Sep. 21, 11:20 AM | 45 Comments
  • Thu, Sep. 15, 1:59 PM
    • A new report from Moody's makes the argument that brick-and-mortar retailers such as Wal-Mart (WMT +1.2%) and Best Buy (BBY +0.1%) are thriving due to their sheer physical size. The ratings agency doesn't believe mass store closing are in the future, but sees a continuing trend toward "repurposing" of the store fleets to evolve to the multi-channel world.
    • The pitch runs counter to the calls from some analysts for a mass reduction in square footage by major chains.
    • Moody's on WMT: "Walmart's recent acquisition of Jet.com, while not a threat to Amazon's position, provides Walmart a speed advantage in boosting online growth by leveraging Jet's ready-made platform."
    • Moody's on BBY:" Best Buy is an example of a retailer that continues to successfully transition online, with penetration approaching 20% of total sales."
    • The interesting take from Moody's is probably relevant to other larger retail chains such as Staples (SPLS +1.8%), Target (TGT +0.8%), Walgreen Boots Alliance (WBA +0.3%),  L Brands (LB +0.6%), Macy's (M +1%), and TJX Companies (TJX +0.8%) as well.
    • Moody's press release
    | Thu, Sep. 15, 1:59 PM | 7 Comments