Walgreens Boots Alliance on Thursday reported better-than-expected quarterly profit, as cost-cut measures and higher drug prices boosted its pharmacy operations, and the company nearly halved its dividend to accelerate its savings measures. Shares of the Deerfield, Illinois-based company rose more than 3% as the U.S. pharmacy giant cut dividend payments by 48% to 25 cents per share.The stock lost about 30% in 2023. Fierce competition from rivals, sharply lower sales from COVID-19 vaccines and testing, and d ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Shares of Walgreens Boots Alliance Inc. WBA, -4.05% rallied 3.1% in premarket trading Thursday, after the drugstore chain and healthcare services company beat fiscal first-quarter earnings expectations, but said it was nearly halving its dividend to bolster its cash position. Net losses for the quarter to Nov. 30 narrowed to $67 million, or 8 cents a share, from $3.72 billion, or $4.31 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share fell to 66 cents from $1.16, bu ...

A man walks near a Walgreens pharmacy on March 09, 2023 in New York City.Walgreens reported fiscal first-quarter adjusted earnings and revenue that topped expectations on Thursday, but cut its quarterly dividend nearly in half. The retail pharmacy giant slashed its dividend to 25 cents per share from 48 cents per share to "strengthen [its] long-term balance sheet and cash position," CEO Tim Wentworth, who officially took the helm during the quarter, said in a statement. Walgreens' dividend yield is now 3.9% ...

DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that its board of directors has declared a quarterly dividend of 25 cents per share, a reduction of 48 percent from the previous quarter. The dividend is payable on March 12, 2024, to stockholders of record as of Feb. 20, 2024. Chief Executive Officer Tim Wentworth said: “Since the start of my tenure with WBA, we have been evaluating our options across our strategies and operations, including those related to ou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended November 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From _______to _______ Commission File Number 001-36759 WALGREENS BOOTS ALLIANCE, INC. (Exact name of registrant as specified in its charter) (State or Other Juris ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

The first big earnings report of the year is coming up on Thursday, Jan. 4, with Walgreens Boots Alliance Inc (NASDAQ:WBA) scheduled to announce its latest quarterly report before the open. The drugstore is expected to post profits of 63 cents per share, which is lower than the $1.16 announced for the same quarter last year. On the charts, WBA just ran up to long-term pressure at its 200-day moving average, which kept a cap on the stock's December 30.9% rally from its Nov. 30 record lows at $19.68. Despite ...

Scottsdale, Az USA gettyWalgreens Boots Alliance WBA is in transformation. Just before announcing the year-end results in October, Tim Wentworth was appointed CEO of the company. Wentworth (64) comes from Cigna CI where he headed up Evernorth, the health services platform of that company.Prior to announcing Wentworth’s appointment there was an interim team headed by Ginger Graham (an independent Board member serving as CEO) and Manmohan Mahajan, who served as interim CFO CFO . It is likely that a more stabl ...

Blue-chip name Walgreens Boots Alliance Inc (NASDAQ:WBA) is gearing up for its fiscal first-quarter earnings report, which is due out before the open on Thursday, Jan. 4. Below, we will explore the equity's technical performance and previous post-earnings activity. On the charts, Walgreens Boots Alliance stock is still recovering from its late-November dip to record lows below the $20 area. The equity's 180-day moving average -- a long-term trendline of resistance -- is keeping a lid on any attempted gains ...