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Walgreens Boots Alliance, Inc. (WBA)

  • Sep. 30, 2014, 7:54 AM
    • Walgreen (NYSE:WAG): FQ4 EPS of $0.74 in-line.
    • Revenue of $19.1B (+6.5% Y/Y) beats by $80M.
    • Shares +2% PM.
    • Press Release
    | Comment!
  • Sep. 30, 2014, 7:38 AM
    • Walgreen (NYSE:WAG) reports comparable-store sales increased 5.4% in FQ4.
    • Front-end comparable stores sales rose 1.3% during the quarter, while the prescription comp was up 7.8%.
    • Store traffic fell 2.2%.
    • Customer basket size +3.5%.
    • Gross profit rate -90 bps to 28.0%.
    • The company says synergies churned up by the merger with with Alliance Boots will reach $491M this fiscal year and $650M in FY15.
    • WAG +1.5% premarket
    | 1 Comment
  • Sep. 29, 2014, 5:30 PM
  • Sep. 24, 2014, 1:45 AM
    • Walgreen (NYSE:WAG) is considering the sale of just over 50% of its infusion services business, in a deal that could value the unit at around $1.5B.
    • The division offers infusion services at home and at care centers across the U.S. Infusion therapies are used for medical conditions such as bleeding disorders and serious infections.
    • BofA has been hired by Walgreen for the sale, which has already attracted interest from several private equity firms.
    | Comment!
  • Sep. 23, 2014, 1:24 PM
    • Walgreens (WAG +1.4%) will report fiscal Q4 earnings on Tuesday, September 30 at 7:30 am ET followed by a conference call with management.
    • Consensus views for fiscal Q4 and fiscal 2014 are EPS of $0.74 on revenues of $19B and EPS of $3.29 on revenues of $76.3B, respectively.
    | Comment!
  • Sep. 22, 2014, 8:37 AM
    • Walgreen (NYSE:WAG) is downgraded by Barclays to an Equal-weight rating from Overweight on a reduced view of the company's ability to meet its EPS guidance.
    • WAG -0.9% premarket
    | Comment!
  • Sep. 18, 2014, 9:30 AM
    • Shares of Walgreen (NYSE:WAG) and CVS Caremark (NYSE:CVS) are showing some weakness early after results from Rite Aid (NYSE:RAD) take a hit from generic drug introductions.
    • Walgreen is down 0.4% premarket, while CVS is tilting 0.6% south.
    • Rite Aid (RAD) is in a dive, now down 13.4%.
    | 1 Comment
  • Sep. 16, 2014, 10:42 AM
    • Walgreens Boots Alliance files a registration statement with the SEC.
    • The new entity is the anticipated holding company for the merger of Walgreen (NYSE:WAG) and Alliance Boots.
    • As anticipated, Walgreens Boots Alliance is domiliced in the U.S.
    • The merger is still pending regulatory review and a shareholder vote.
    • SEC Form 4
    | Comment!
  • Sep. 12, 2014, 2:02 PM
    • Wal-Mart (WMT -0.5%) plans to rebrand all of its Express stores to Neighborhood Market in a move that signals a stronger push into grocery.
    • The new strategy means that Neighborhood Market stores will range in size from 15K to 40K square feet.
    • The company is still testing the smaller Walmart To Go and Walmart On Campus concepts.
    • What to watch: Though there's plenty of retail chains which could be impacted by Wal-Mart's NM push, Gilford Securities reasons that dollar stores (FDO, DLTR, DG) and drugstores (RAD, CVS, WAG) top the list.
  • Sep. 9, 2014, 10:07 AM
    • Walgreen (WAG +0.7%) is likely to be pressured by Jana Partners to increase its buyback allowance, according to sources.
    • The $3B buyback program announced last month by the company was a tad light for some investors.
    • Jana landed a board seat at Walgreen yesterday with founder Barry Rosenstein jumping on.
  • Sep. 8, 2014, 6:47 AM
    • Walgreen (NYSE:WAG) adds Jana Partners founder Barry Rosenstein to its board of directors.
    • In addition to the appointment of Rosenstein, Walgreen has entered into an agreement which gives Jana some say on the appointment of additional independent directors.
    | Comment!
  • Sep. 5, 2014, 10:11 AM
    • Unconfirmed chatter Carl Icahn has a stake in Walgreen (WAG +1.9%) has the stock popping higher in mid-morning action.
  • Sep. 4, 2014, 10:10 AM
    • Walgreen (WAG +1.3%) just missed estimates with its report on August same-store sales growth, 3.7% vs. 3.8%, as lower traffic and a calendar shift clipped overall results.
    • Though prescriptions filled were up 1% and the average basket size in the front of the stores was up a brisk 3.1%, traffic dropped 1.7% during the period.
    • What to watch: Walgreen is expected to make a statement on its tobacco business this week in a development could give analysts plenty to chew on as they work out sales projections for 2H and 2015. CVS exited the tobacco market this week in a move that puts roughly $2B a year in tobacco sales in play.
    | Comment!
  • Sep. 4, 2014, 8:11 AM
    • Walgreen (NYSE:WAG) reports Aug sales rose 3.6% Y/Y to $6.39B.
    • Total comparable store sales rose 3.7% during the month, calendar day shifts impacting 1.4%, generic drug introduction impacting 1.2%.
    • The company ended Q4 sales +6.2% Y/Y to $19.06B and FY14 sales +5.8% Y/Y to $76.43B.
    • The company opened 23 stores during Aug.
    | Comment!
  • Aug. 25, 2014, 8:26 AM
    • Walgreen (NYSE:WAG) is in the process of re-branding Duane Reade stores in New York.
    • Street-level observers report a "Duane Reade by Walgreens" sign at a location in the heart of Manhattan.
    • Walgreen purchased Duane Reed for $1.08B in 2010, keeping the brands distinct up until recently.
  • Aug. 22, 2014, 2:21 PM
    • A database failure has impacted all 8.2K Walgreen (WAG) pharmacy locations.
    • About half of the company's stores can't fill prescriptions, according to a spokesperson.
    • A fix to the system is expected sometime this afternoon. Updated 4:41 p.m.: The company reportedly restored systems at all locations by 2 p.m. EDT.
    • Walgreen fills prescriptions at a rate of over 2.1M a day.
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Company Description
Walgreens Boots Alliance Inc operates drug-stores chain in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drug-stores, as well as mail, and by telephone and online.
Sector: Services
Industry: Drug Stores
Country: United States