Walgreen Boots Stock Price, News & Analysis

Walgreens is set to host a virtual Supplier Diversity Summit during the week of March 28, aimed at connecting diverse vendors with its merchandising team. This initiative seeks to enhance product offerings from suppliers who are at least 51% owned by disadvantaged groups, including minorities, veterans, and women. The summit will cover categories such as grocery, beauty, health, and wellness. Interested vendors can apply online to participate, fostering local and diverse product solutions for Walgreens' customers across the U.S. This event underscores Walgreens' commitment to meeting the needs of diverse communities.

On January 30, 2023, BetterInvesting Magazine named Lululemon Athletica Inc (NASDAQ: LULU) as its "Stock to Study" and Walgreens Boots Alliance Inc (NASDAQ: WBA) as its "Undervalued Stock" in the April 2023 issue. CEO Ken Zendel emphasized the magazine's role in educating investors, enhancing their market strategies. BetterInvesting offers tools and resources to assist investors in making informed decisions. In the April issue, readers can explore various stocks, while non-members can access trial online stock analysis tools. These selections are meant for informational purposes and do not constitute endorsements for purchase.

Walgreens Boots Alliance (WBA) has declared a quarterly dividend of 48 cents per share, consistent with the last quarter and reflecting a 0.5% increase from the previous year. The dividend will be payable on March 10, 2023, to shareholders of record on February 16, 2023. WBA has a strong history of dividend payments, having paid dividends for 361 consecutive quarters and increased them for 47 consecutive years. This commitment underscores the company's stability and dedication to returning value to investors.

Walgreens announces the launch of the 13th Annual Expressions art competition for high school students to promote creativity and self-expression. The competition, open until March 31, 2023, offers monetary prizes across four categories: visual arts, media arts, spoken word, and creative writing. With a commitment to mental health, Walgreens aims to help teens cope with challenges through artistic expression. Since its inception in 2009, the program has reached approximately one million students and awarded over $375,000 in prizes.

VillageMD has successfully completed the acquisition of Summit Health-CityMD on January 3, 2023 for $8.9 billion, expanding its capacity in primary, specialty, and urgent care services. This merger, supported by Walgreens Boots Alliance (WBA) and Cigna Corporation (CI), aims to enhance patient-centered care through a combined workforce of 20,000 professionals. The collaboration intends to leverage innovative healthcare delivery models across 680 locations in 26 markets, targeting improved health outcomes and value-based care.

Walgreens Boots Alliance (WBA) reported a first-quarter net loss of $3.7 billion, significantly impacted by a $6.5 billion opioid-related charge. Adjusted EPS fell 30.8% to $1.16. First-quarter sales decreased 1.5% year-over-year to $33.4 billion, with resilient core retail performance but challenges in COVID-19 vaccine sales. The company raised its full-year sales guidance to $133.5 billion to $137.5 billion, while maintaining adjusted EPS guidance of $4.45 to $4.65. Significant investments were made in U.S. Healthcare, particularly through the acquisition of Summit Health for $3.5 billion.

Walgreens Boots Alliance (WBA) will be represented by CEO Roz Brewer and CFO James Kehoe at the 41st Annual J.P. Morgan Healthcare Conference on January 10 at 11:15 a.m. PT in San Francisco. The conference will be webcasted live, accessible via WBA's investor relations website. With a heritage of 170 years, WBA operates approximately 13,000 locations across the U.S., Europe, and Latin America, focusing on integrated healthcare, pharmacy, and retail services. The company employs over 325,000 individuals and is committed to sustainability and community health.

Walgreens has expressed gratitude for the inclusion of the INFORM Consumers Act in the 2023 omnibus spending package. This bipartisan legislation aims to combat online sales of counterfeit and stolen products by increasing transparency and accountability in online marketplaces. The act mandates verification of high-volume sellers and enhances collaboration among law enforcement, manufacturers, and retailers. Walgreens, a leading pharmacy operator, supports this measure as part of its commitment to protect customers and combat retail theft.