Profile
Sector:
HealthcareIndustry:
Pharmaceutical RetailersCountry:
United StatesIPO:
17 March 1980Next earnings report:
11 October 2024Last dividends:
20 May 2024Next dividends:
N/APrice
after hours | 1 min agoAnalysts recommendations
Institutional Ownership
WBA Latest News
Walgreens stock plummeted 56% in 2024, and is now trading below $12 a share. Quarterly dividend now yields 8%+, providing a potential opportunity for robust passive income. Challenges in the operating environment require new approach, potential store closures and divestitures in the future.
NEW YORK, NY / ACCESSWIRE / July 2, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Walgreens Boots Alliance, Inc. ("Walgreens Boots Alliance, Inc.") (NASDAQ:WBA) concerning possible violations of federal securities laws. On June 27, 2024, following CEO Rosalind Brewer's abrupt resignation in September 2023, Walgreens announced 3Q24 financial results and reduced its revenue guidance for the fourth quarter and full fiscal year 2024.
Margin pressures and lowered guidance paint a challenging picture for the company's shares in the near term.
Walgreens Boots Alliance is looking to reduce its investment in the doctor-staffed clinic operator VillageMD after billions of dollars in losses and the need to focus on more profitable ventures to turn around the drugstore chain.
An increasingly challenging pharmacy industry and consumer environment hurt Walgreens Boots' (WBA) bottom line in the third quarter of fiscal 2024.
NEW YORK, NY / ACCESSWIRE / July 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Walgreens Boots Alliance, Inc. ("Walgreens Boots Alliance, Inc.") (NASDAQ:WBA) concerning possible violations of federal securities laws. On June 27, 2024, following CEO Rosalind Brewer's abrupt resignation in September 2023, Walgreens announced 3Q24 financial results and reduced its revenue guidance for the fourth quarter and full fiscal year 2024.
Seb James, CEO of Boots since 2018, will leave the company in November, as its owner postponed a multibillion-pound sale for the second time. James will become the group CEO of Veonet, the European ophthalmology clinic chain.
Head of Boots pharmacy chain reportedly will depart as owner Walgreens struggles.
Walgreens shares plunged after the company lowered its EPS guidance. The company has been experiencing severe drug reimbursement pressures, hurting margins and profitability.
Walgreens Boots Alliance stock fell hard after the company reported fiscal third-quarter results on June 27. Management has lowered its earnings expectations twice this year.
What type of business is Walgreens Boots Alliance?
Walgreens Boots Alliance, Inc. is an American company that owns the largest retail pharmacy chain and stores. It is involved in the sale of prescription and over-the-counter medications, personal hygiene products, cosmetics, and other goods. It was formed as a result of the merger between Walgreens Corporation and Alliance Boots in December 2014. Its portfolio of own commercial brands includes Walgreens, Duane Reade, Boots, and Alliance Healthcare, as well as more global brands of beauty and health products such as No. 7, Soap & Glory, Liz Earle, Sleek MakeUP, and Botanics. The list of brands is constantly expanding thanks to research and development of new products.
What sector is Walgreens Boots Alliance in?
Walgreens Boots Alliance is in the Healthcare sector
What industry is Walgreens Boots Alliance in?
Walgreens Boots Alliance is in the Pharmaceutical Retailers industry
What country is Walgreens Boots Alliance from?
Walgreens Boots Alliance is headquartered in United States
When did Walgreens Boots Alliance go public?
Walgreens Boots Alliance initial public offering (IPO) was on 17 March 1980
What is Walgreens Boots Alliance website?
https://www.walgreensbootsalliance.com
Is Walgreens Boots Alliance in the S&P 500?
Yes, Walgreens Boots Alliance is included in the S&P 500 index
Is Walgreens Boots Alliance in the NASDAQ 100?
Yes, Walgreens Boots Alliance is included in the NASDAQ 100 index
Is Walgreens Boots Alliance in the Dow Jones?
No, Walgreens Boots Alliance is not included in the Dow Jones index
When does Walgreens Boots Alliance report earnings?
The next expected earnings date for Walgreens Boots Alliance is 11 October 2024