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Walgreens Boots Alliance, Inc. (WBA)

  • 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.
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  • 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.
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  • 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.
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  • 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.
  • Aug. 21, 2014, 11:43 AM
  • Aug. 20, 2014, 1:12 PM
    • Walgreen (WAG -0.2%) pushed out former CEO Wade Miquelon and other financial execs due to a $1.1B forecasting error, according to the WSJ.
    • The group had to reduce a $8.5B projection on pharmacy unit savings by the figure last month.
    • Higher costs on generic drugs accounted for a good portion of the forecasting misfire.
  • Aug. 11, 2014, 2:32 PM
    • Drugstore stocks are on the move as investors continue to shift assets into consumer staples stocks.
    • Walgreen (WAG +2%), CVS Caremark (CVS +0.8%), and Rite Aid (RAD +1.8%) are all higher on the day.
    • The trio is also helping lift  the Consumer Staples ETF (NYSEARCA:XLP) to a 1% gain to stay ahead of broad market averages.
  • Aug. 6, 2014, 2:23 PM
    • Moody's places some of Walgreen's (WAG -14.7%) commercial paper and debt on review for a potential downgrade.
    • The action from the ratings agency is due to Walgreen's announcement of a new $3B share repurchase program.
  • Aug. 6, 2014, 12:45 PM
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  • Aug. 6, 2014, 9:19 AM
    • Retail analyst Rahul Sharma thinks the market is overreacting to Walgreen (NYSE:WAG) pulling the tax inversion move out of its playbook.
    • If there's a concern with the integration of Alliance Boots, Sharma thinks the slower revenue growth of the the European firm should be watched.
    • The sudden dip in Walgreen has put shares back in line or below valuation on peers.
    • WAG -15.8% premarket
    • WAG tax inversion timeline
  • Aug. 6, 2014, 9:14 AM
  • Aug. 6, 2014, 7:03 AM
    • Walgreen (NYSE:WAG) confirms it will buy the remaining 55% of Alliance Boots it doesn't own.
    • The company rattled investors yesterday with a late announcement that it will remain domiciled in the U.S.
    • The corporate headquarters of Walgreen Boots Alliance will be in the Chicago area, while Boots will be run from an operations center in the U.K.
    • Walgreen says it will accelerate cost-reduction initiatives and sets a new EPS goal for FY16 of $4.25-$4.60.
    • WAG -5.9% premarket
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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