The Dream Vault will provide free, high-quality produce to more than 175 local households per week CHICAGO, Oct. 22, 2024 /PRNewswire/ -- To improve health equity and food security in the Chicago market, Walgreens is joining forces with non-profit Dion's Chicago Dream to host a Dream Vault smart locker at the company's Gage Park location at 55th and Kedzie (5435 S. Kedzie Avenue Chicago, IL). The Dream Vault is part of a collaboration between Dion's Chicago Dream and Walgreens to provide free, high-quality ...

Walgreens Boots Alliance TodayWBAWalgreens Boots Alliance$10.45 -0.34 (-3.15%) 52-Week Range$8.22▼$27.05Dividend Yield9.57%Price Target$13.38Add to WatchlistWalgreens Boots Alliance Inc. NASDAQ: WBA is a leading global retail pharmacy and healthcare company. The stock is trading down 60% from its 52-week high and with a stock performance down 58.5% year-to-date (YTD). The market has punished this stock and its (remaining) top competitor, CVS Health Co. NYSE: CVS, in the retail/wholesale sector. Competition ...

Income investors, beware.Walgreens Boots Alliance (WBA -3.15%) did something last week it hasn't done in quite a while: It made shareholders happy.The big pharmacy retailer and wholesaler announced in its fiscal 2024 fourth-quarter update that it plans to close around 1,200 stores over the next three years. The news caused Walgreens' shares to deliver the biggest gain so far in 2024. Despite Walgreens' recent bounce, the company still faces considerable uncertainty. Income investors especially have reason t ...

Since the time I last wrote about the pharmacy chain Walgreens Boots Alliance (NASDAQ: WBA ) in July, until last week, the stock was down by 21%. This was expected, considering its weak fundamentals at the time, with no Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth ...

The company's earnings provided some hope for a turnaround -- but there's a long way to go.Shares of Walgreens Boots Alliance (WBA) rallied 15.1% this week through Friday at 11:09 a.m. ET, according to data from S&P Global Market Intelligence.Walgreens reported earnings this week, and while the reported results don't look great in and of themselves, they beat analyst expectations. Furthermore, the company gave better-than-feared guidance for 2025. But does this week's positivity make the stock a buy?A turna ...

Core Viewpoint - Walgreens Boots Alliance has faced significant challenges in the past year, with a stock decline of approximately 60% year-to-date, but recent earnings and a store closure plan may indicate a potential bottom for the stock [1]. Earnings and Store Closures Plan - In fiscal Q4, Walgreens reported a revenue increase of 6% year-over-year to $37.55 billion, surpassing analyst expectations [2]. - Adjusted EPS fell 40% to $0.39 due to margin pressures, although it exceeded the consensus estimate of $0.36 [2]. - U.S. retail pharmacy sales rose 6.5% year-over-year, with same-store sales increasing by 8.3% [2]. - Adjusted operating income decreased by 60.4% to $220 million, impacted by reimbursement pressures and a challenging retail environment [2]. International Sales Performance - International sales grew by 3.7% year-over-year, with Boots UK sales up 2.3% [3]. - Boots retail same-store sales increased by 6.2%, while pharmacy same-store sales rose by 10% [3]. - International adjusted operating income fell by 10.6% to $231 million, primarily due to a lack of real estate gains [3]. Financial Health - Walgreens generated $1.1 billion in free cash flow for the quarter and $23 million for fiscal 2024, ending the fiscal year with $9.5 billion in debt and $3.1 million in cash and marketable securities [4]. - The company has successfully reduced expenses by over $1 billion in response to margin pressures [4]. - Walgreens plans to close 1,200 unprofitable stores, including 500 in fiscal 2025, to improve profitability [4]. Future Outlook - The company forecasts adjusted EPS for the full fiscal year between $1.40 and $1.80, with sales projected between $147 billion and $151 billion [4]. - Closing stores is expected to enhance earnings and boost traffic to nearby locations, potentially increasing same-store sales [5]. - Walgreens is exploring alternative reimbursement models with pharmacy benefit managers (PBMs) and has locked in 80% of its contracts for the upcoming year [6]. Valuation and Investment Potential - Despite recent gains, Walgreens trades at a forward P/E ratio of 5.5, indicating it is undervalued compared to historical valuations [7]. - A favorable outcome in the FTC lawsuit against PBMs could further enhance Walgreens' turnaround potential [9].

Boston, MA - October 15: Walgreens has announced that about 1,200 stores will be closing in the ... [+] United States. (Photo by Pat Greenhouse/The Boston Globe via Getty Images)Boston Globe via Getty ImagesWalgreens recently reported its Q4’24 results (fiscal ends in August), with revenue and earnings exceeding our expectations. The company reported revenue of $37.5 billion and adjusted earnings of $0.39 per share, compared to our estimates of $34.9 billion, and $0.38, respectively. Not only did Walgreens ...

Two months ago, I pitched a short on Walgreens Boots Alliance (NASDAQ: WBA ) on a 1-2 year time horizon, which surprisingly hit my price target in a much shorter time span. Since then, there has been littleI am a sophomore at USC (class of 2027) studying economics and accounting and aiming for an equity research-related career path, and Seeking Alpha serves as the place for me to put up all of my pitches. I conduct generalist equity research, but at the moment I am focusing on US based large-caps with 1-2 y ...

Yesterday, Walgreens Boots Alliance (WBA) shares jumped nearly 16% following the company’s better-than-expected earnings and sales results for the fourth quarter of fiscal 2024. Despite the company reporting a significant year-over-year decline in earnings, the growing investors’ optimism was backed by the company’s announcement of a strategic plan to close nearly 1200 stores over the next three years to improve the bottom-line scenario and cash flow.Over the past 30 days, this pharmacy retail powerhouse, d ...

It isn't easy to be positive on the struggling company's prospects.Walgreens Boots Alliance (WBA 15.78%) is shaping up to be one of the least popular stocks of 2024. With its share price down nearly 65% year to date, the pharmacy-chain operator isn't making it on many holiday wish lists.Yet the company still has believers. One of them is TD Cowen analyst Charles Rhyee, who recently reiterated his bullish take on the troubled company. Here's why he thinks Walgreens has a brighter future than many market play ...