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| Comment!
Sep. 5, 2014, 10:11 AM
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.
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.
Aug. 25, 2014, 8:26 AM| 2 Comments
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
- Hedge funds are having a difficult time of it again this year, up 1% vs. a 7.5% gain for the S&P 500, according to Goldman Sachs, which crunched the numbers on 775 funds with $1.9T in AUM.
- Nevertheless, Goldman's list of 50 stocks which "matter most" to hedge funds has outperformed the S&P 500 on a quarterly basis 66% of the time since 2001. The stocks this quarter (posted in order of the number of funds in which a name is a top-10 holding):
- ACT, AAPL, FB, AGN, AAL, GM, TWC, AIG, MSFT, HTZ, CHTR, MU, WMB, LNG, C, DAL, HCA, APC, CBS, ALLY, GOOGL, APD, NRF, BAC, EBAY, LBTYK, PCLN, VRX, BIDU, DTV, DISH, DG, EQIX, MA, WAG, ARCP, GILD, LINTA, MON, FOXA, VC, AMZN, BRK.A, BRK.B, SUNE, CMCSA, JPM, MIC, CCI, HES, LAMR.
- A special call-out to Northstar Realty (NYSE:NRF), Visteon (NYSE:VC), SunEdison (NYSE:SUNE), Macquarie Infrastructure (NYSE:MIC), and Lamar Advertising (NASDAQ:LAMR) for making the list of hedge fund hotels despite their relatively tiny market caps.
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
Aug. 6, 2014, 12:45 PM
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
WBA vs. ETF Alternatives
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.
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