Seeking Alpha

Walgreens Boots Alliance, Inc. (WBA)

  • 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.
  • 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
    | Comment!
  • 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
  • Aug. 5, 2014, 3:06 PM
  • Aug. 4, 2014, 9:18 AM
    • Walgreen (NYSE:WAG) appoints Timothy McLevish to be the CFO of its Walgreens brand.
    • McLevish was hired away from Kraft Foods Group where he served as an Executive VP and CFO.
  • Jul. 16, 2014, 7:30 PM
    • The Obama administration is proposing a ban on “inversion deals,” retroactive to May 2014, in which U.S. companies buy foreign ones and move corporate headquarters abroad to escape U.S. tax laws.
    • Inversion deals are more common among drug and manufacturing companies that earn much of their income overseas or have assets such as patents that are held offshore; shares of companies with pending deals who fell today on the proposal included Shire (NASDAQ:SHPG), AbbVie (NYSE:ABBV), Auxilium Pharma (NASDAQ:AUXL) and QLT (NASDAQ:QLTI).
    • In an unprecedented move for a U.S. retailer, Walgreen (NYSE:WAG) also is weighing leaving U.S. shores, a move that could help lower its U.S. tax bill and save the company hundreds of millions of dollars per year.
    • With the pace of inversions picking up, many in Washington are critical of the practice but they disagree on what to do about the trend: stop the deals cold via a one-off bill or pass a broad tax overhaul that would lower the 35% corporate tax rate.
  • Jul. 3, 2014, 8:23 AM
    • Walgreen (WAG) reports June sales increased 8.9% Y/Y to $6.28B in June.
    • Comparable-store sales in the front end of Walgreens stores rose 1.3% as a higher average basket size offset lower traffic.
    • Comparable store pharmacy sales rose 11.3% during the month as a calendar shift contributed positively.
    • WAG +0.4% premarket
    | Comment!
Visit Seeking Alpha's
WBA vs. ETF Alternatives
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