Walgreen Boots Stock Price, News & Analysis

Walgreens is enhancing last-minute holiday shopping with convenient 1-hour Delivery, 24-hour Delivery, and 30-minute Pickup options. Stores will operate on Christmas Eve and Christmas Day, offering flexible services for gift purchasing and health essentials. Customers can order from over 27,000 items for quick delivery, and same-day prescription delivery is available. With a diverse gift selection under $25, including toys and personal care items, Walgreens aims to meet festive shopping needs efficiently.

Walgreens Boots Alliance (WBA) will announce its fiscal 2023 first quarter results on January 5, 2023, at 7 a.m. ET. Following the results, a conference call with WBA management is scheduled for 8:30 a.m. ET and will be available for simulcast on WBA's investor relations website. A replay of the call can be accessed until January 12, 2023. WBA operates approximately 13,000 locations globally and is a trusted leader in healthcare and retail pharmacy, focusing on improving health access and delivering quality health services.

Walgreens Boots Alliance (WBA) has sold shares of AmerisourceBergen Corporation (ABC) for approximately $1.0 billion, with $0.8 billion from a Rule 144 sale and a $0.2 billion concurrent repurchase by AmerisourceBergen. WBA's ownership in ABC decreases from about 20% to 17%. Proceeds will primarily be allocated to debt reduction and funding strategic initiatives, particularly the acquisition of Summit Health-CityMD by VillageMD. WBA's long-term partnership with ABC remains unaffected.

Walgreens, in collaboration with DoorDash and Uber, has launched a program to offer free same-day delivery of Paxlovid, a COVID-19 antiviral therapy, to eligible patients across the U.S. With over 8,000 Walgreens locations participating, this initiative aims to enhance access for approximately 92% of the population, including those in underserved areas. The service responds to the increasing COVID-19 cases, with positivity rates reported at 36%. Eligible patients require a prescription to utilize this service, reinforcing Walgreens' commitment to addressing healthcare disparities.

Walgreens is set to host its annual Localization Summit on February 22, aiming to connect diverse local vendors with its merchandising team. This virtual event, organized with RangeMe and ECRM, allows suppliers to showcase their products, seeking opportunities to be stocked in Walgreens stores across the U.S., including Puerto Rico and the District of Columbia. The initiative targets various categories like grocery, household, and apparel, focusing on enhancing local product relevance and community engagement.

Walgreens has announced the extension of its Same Day Delivery service, now offering 24-hour delivery in various markets across the U.S. Customers can order over 27,000 items, including groceries and personal care products, accessible anytime. This initiative is designed to enhance customer convenience during the holiday season. To celebrate, Walgreens offers free delivery on orders of $20 or more through Dec. 10, 2022. The company continues to innovate with services like 30-Minute Pickup Guarantee and same-day prescription delivery.

Walgreens Boots Alliance (Nasdaq: WBA) in collaboration with VillageMD has announced the opening of the first Village Medical at Walgreens primary care practice in Las Vegas. This initiative aims to provide coordinated primary care and pharmacy services, addressing healthcare access issues highlighted by a recent survey showing that 65% of Nevadans worry about healthcare costs. The new practice will create over 45 full-time jobs and is part of a plan to expand to 200 locations across the U.S. by year-end.

Walgreens Boots Alliance (WBA) is enhancing its commitment to diversity by redesigning its annual bonus plan to include a disability representation metric, marking it as the first in the S&P 500 to do so. This initiative aims to improve the hiring and retention of people with disabilities, addressing significant barriers to employment. Furthermore, WBA has partnered with Neurodiversity in the Workplace to support the recruitment of neurodiverse talent. These efforts follow WBA’s established programs for disability inclusion, reaffirming its leadership in this space.

Walgreens Boots Alliance has initiated an offering of 10 million shares of AmerisourceBergen Corporation stock, alongside a concurrent $500 million share repurchase by AmerisourceBergen. Post-offering, Walgreens' stake in AmerisourceBergen will decrease from 26% to 20%. The proceeds will predominantly be used for debt paydown and to support strategic priorities, including acquisitions.