Walgreen Boots - WBA STOCK NEWS

Walgreens Boots Alliance (Nasdaq: WBA) and VillageMD will open 29 new Village Medical at Walgreens practices in Houston, Austin, and El Paso this year, aiming for at least 600 locations in over 30 U.S. markets within four years. This initiative is part of a $1 billion investment to enhance healthcare access through integrated services. The expansion targets over 825,000 patients aged 65+ in Texas, emphasizing the need for quality care. The collaborative model allows patients to benefit from coordinated pharmacy and primary care services, addressing chronic health issues effectively.

Walgreens has expanded its same day prescription delivery service to nearly all store locations, making it available seven days a week. This initiative aims to enhance customer convenience, allowing patients to manage prescriptions from home and receive medications within hours. Customers can enroll by texting 'Join Rx' to 21525. Delivery fees vary by location, and the service is not available in California. This enhancement follows Walgreens’ previous launch of same day delivery for over 24,000 retail products, reinforcing their commitment to a seamless omnichannel experience.

Walgreens Boots Alliance (WBA) reported Q3 FY2021 financial results with sales from continuing operations rising 12.1% to $34.0 billion. Operating income improved to $1.1 billion versus a loss of $1.7 billion a year ago, largely due to prior impairment charges. Adjusted net earnings soared 79.5% to $1.3 billion. WBA's EPS reached $1.38 compared to a loss of $1.95 last year. The company raised its guidance to approximately 10% growth in constant currency adjusted EPS for FY2021, reflecting strong performance in both domestic and international segments.

Walgreens is offering a $25 Walgreens Cash rewards incentive for customers receiving COVID-19 vaccinations from June 22-26, 2021. This reward is available immediately for myWalgreens members and as a gift card for non-members. Parents of eligible adolescents, ages 12-15, can also redeem rewards. To support vaccination efforts, Walgreens has extended pharmacy hours at 4,000 locations and provides walk-in appointments nationwide. Customers can find local Walgreens hours via the online store locator or by calling 1-800-Walgreens.

Walgreens has expanded its collaboration with Uber, allowing customers to order products directly through the Uber Eats platform. This service is now active in over 7,800 stores nationwide, with plans to include over 20,000 products.

As part of the launch, Walgreens is offering a promotion of $20 off orders over $30 until June 27. Additionally, the partnership includes an integrated vaccine scheduling option through Uber, streamlining health service access for customers as they transition from the pandemic.

Walgreens is extending pharmacy hours every Friday in June, enabling walk-in COVID-19 vaccinations at 4,000 locations. This initiative supports the Biden Administration's goal to vaccinate 70% of adults by July 4. Walgreens has hosted over 1,000 vaccine clinics in underserved areas, and launched a mobile clinic for increased outreach. New partnerships aim to tackle vaccine hesitancy. Customers can donate Walgreens Cash rewards to fund free transportation for vaccine appointments.

Walgreens Boots Alliance (Nasdaq: WBA) is set to release its fiscal 2021 Q3 earnings on July 1, 2021, at 7 a.m. ET, followed by a conference call at 8:30 a.m. ET. This call will be available for streaming on the WBA investor relations website and archived for 12 months. The company operates over 21,000 stores globally, employing more than 450,000 people, and has been recognized as one of FORTUNE’s Most Admired Companies for 28 consecutive years. The call will discuss recent financial performance and future outlook, with caution about forward-looking statements.

Walgreens Boots Alliance (Nasdaq: WBA) has finalized the sale of its Alliance Healthcare businesses to AmerisourceBergen, netting approximately $6.5 billion, comprised of $6.275 billion in cash and 2 million shares of AmerisourceBergen stock. The cash proceeds will be utilized to pay down $3.3 billion of debt and invest in strategic opportunities aimed at growth in retail pharmacy and healthcare services. The company plans to continue with its expansion of Village Medical clinics and enhance pharmacy automation through its recent acquisition of iA.