Walgreen Boots Stock Price, News & Analysis

Walgreens and Greater Than AIDS are hosting the largest National HIV Testing Day event in over 250 cities on June 27, aiming to increase awareness and access to HIV testing. This initiative addresses a decline in testing during the COVID-19 pandemic, where about 13% of the 1.2 million people living with HIV in the U.S. are unaware of their status. The event will provide free, confidential testing at participating Walgreens locations, supported by local health departments and community organizations.

Wile, a wellness brand focused on midlife women's health, is set to launch four herbal supplement capsules at Walgreens this month. Aimed at women aged 40+, these products target common hormonal symptoms like stress and night sweats. Wile's holistic approach, developed with naturopathic doctors, includes the 40+ Perimenopause Support, 40+ Period Support, Hot Flash, and Women’s Stress supplements, all retailing for $39.99. This partnership highlights Wile's goal to enhance visibility and accessibility in midlife women’s health, reinforcing the role of community pharmacies in healthcare.

Walgreens Boots Alliance (WBA) will announce its fiscal 2022 third quarter earnings on June 30, 2022, at 7 a.m. ET, followed by a conference call at 8:30 a.m. ET. The event will be available live on the WBA investor relations website, with a replay accessible for 12 months. WBA, a global leader in pharmacy and healthcare, operates around 13,000 locations across the U.S., Europe, and Latin America, committed to improving health services and promoting sustainability. The company employs over 315,000 people and has a diverse portfolio of consumer and healthcare-focused brands.

Walgreens has announced the winners of its 12th annual Expressions by Walgreens national art challenge, with nearly 3,400 high school entries in visual arts, spoken word, and media arts. Awards are given to top entries in each category, along with a People's Choice award and new Teachers' Champion awards recognizing educators supporting students. Since 2009, the initiative has engaged over one million students and awarded more than $350,000 in prizes, emphasizing Walgreens' commitment to community health and youth self-expression.

Walgreens Boots Alliance has sold 6.0 million shares of AmerisourceBergen Corporation for $900 million, reducing its stake from 28.1% to 25.2%. The proceeds will primarily be allocated for debt paydown and supporting strategic initiatives. Despite the sale, Walgreens maintains its long-term partnership with AmerisourceBergen, ensuring ongoing collaboration. This strategic move aims to optimize capital allocation and enhance the company's balance sheet, reflecting a commitment to shareholder value.

Walgreens has reached a $683 million settlement with the State of Florida regarding opioid medication distribution. This includes $620 million to be paid over 18 years and a $63 million one-time payment for legal fees. The settlement does not imply any wrongdoing by Walgreens. The funds will assist Florida in combating opioid addiction. Walgreens emphasizes its commitment to education, safe disposal of medications, and preventive actions against misuse, having halted self-distribution of opioids since 2014.

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.