Walgreen Boots Stock Price, News & Analysis

Walgreens has appointed three new senior executives: Linh Peters as SVP and Chief Marketing Officer, Luke Rauch as SVP and Chief Merchandising Officer, and Bala Visalatha as SVP and Chief Product Officer. These appointments, effective May, aim to leverage their extensive retail experience to drive growth and enhance customer experiences. Tracey Brown, President of Retail Products, expressed confidence in their ability to innovate and transform Walgreens' offerings to meet evolving consumer needs.

Walgreens Boots Alliance (WBA) has declared a quarterly dividend of 47.75 cents per share, maintaining the same amount as the previous quarter but marking a 2.1% increase from the year-ago quarter. The dividend is payable on June 10, 2022, to stockholders of record as of May 20, 2022. WBA has a strong dividend history, having paid dividends for 358 consecutive quarters and raised them for 46 consecutive years, reflecting the company’s commitment to returning value to shareholders.

Walgreens Boots Alliance (Nasdaq: WBA) and VillageMD plan to open over 10 new Village Medical at Walgreens locations in Massachusetts by early 2023, creating 350 full-time jobs. The first practice opens in Quincy this May. This initiative aims to enhance access to coordinated primary care and pharmacy services for Medicare beneficiaries with chronic conditions. The collaboration will expand to over 600 practices in more than 30 markets by 2025. Both companies are focused on improving patient care through technology and a streamlined healthcare experience.

Hey Humans, an eco-conscious personal care brand, expands its reach by launching products at over 6,000 Walgreens locations nationwide and on walgreens.com. Launched in 2021, the brand is committed to sustainability, with a product line that is 99% plastic-free, vegan, and cruelty-free. Items include deodorants priced at $6.99 and body washes at $7.99, designed to offer clean personal care without compromising on environmental responsibility. The partnership aims to make sustainable personal care accessible to a broader audience.

Walgreens, the exclusive retailer for Red Nose Day, is once again selling Red Noses at its stores across the U.S. after a two-year hiatus due to COVID-19. The campaign, running until May 31, supports efforts to combat child poverty. Since 2015, Red Nose Day has raised $275 million, with Walgreens contributing over $140 million. Customers can purchase a Red Nose for $1 and donate at checkout. Funds raised support various organizations dedicated to children’s welfare, addressing healthcare, nutrition, and education.

Blue Shield of California and Walgreens Health are launching 12 new Walgreens Health Corner locations in the San Francisco Bay Area and Los Angeles County to enhance access to in-person and virtual healthcare. The services, available at no additional cost to eligible Blue Shield members, include health screenings, medication counseling, and chronic condition management. This partnership aims to improve care management and reduce healthcare gaps in local communities, with plans for eight additional locations later this year. The initiative is part of the Health Reimagined strategy.

Walgreens Boots Alliance (WBA) reported Q2 fiscal 2022 earnings with an EPS of $1.02, down from $1.06 a year ago. However, adjusted EPS rose 25.9% to $1.59. Sales from continuing operations increased 3.0% to $33.8 billion, driven by strong performance in U.S. retail and COVID-19 services. Operating income rose significantly to $1.2 billion, while net earnings were $883 million, down from $922 million year-over-year. The company is progressing with its Boots business review and expects annual savings of $3.3 billion by 2024.

Walgreens Boots Alliance (WBA) and VillageMD are set to launch three new Village Medical at Walgreens primary care practices in Southern New Hampshire by the end of summer 2022. The first location opens on April 19 in Hooksett, with additional sites in Manchester and Nashua. This initiative will create over 80 full-time jobs, including 35 STEM positions. The partnership aims to enhance accessible healthcare for local communities, addressing significant gaps in coverage. WBA plans to expand to over 600 practices nationwide by 2025, reinforcing its commitment to community health.

Tripadvisor has partnered with Walgreens to promote safe travel during spring break, emphasizing COVID-19 testing access for travelers. This initiative targets college students and families, showcasing Walgreens' drive-thru COVID-19 testing and vaccination options. A Tripadvisor survey reveals 45% of Americans plan to travel in March and April, with 68% of Gen Z intending to get tested. As travel demand grows, 62% of Americans prefer businesses with COVID-19 safety measures. This partnership highlights a strategic move to capture digital media advertising amid increasing travel activity.