Walgreens Boosts Alliance (WBA) PT Lowered to $95 at Credit Suisse
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Walgreens' cost-cut plans aim to save more than $1 billion annually
December 20, 2018 11:05 AM ESTBy Manas Mishra and Manojna Maddipatla
(Reuters) - Walgreens Boots Alliance Inc (NASDAQ: WBA) said on Thursday it would consolidate warehouses and shut some stores as part of a cost-cutting plan aimed at saving more than $1 billion annually.
Shares of the company, however, fell nearly 3 percent as the company's international business suffered mainly due to weak demand in Britain, where its market share gains were offset by a weak retail environment.
The company operates nearly 2,500 stores in the UK, roughly half its non-U.S. stores, making it vulnerable to... More
Walgreens Boots Alliance (WBA) Tops Q1 EPS by 2c
December 20, 2018 7:03 AM ESTWalgreens Boots Alliance (NASDAQ: WBA) reported Q1 EPS of $1.46, $0.02 better than the analyst estimate of $1.44. Revenue for the quarter came in at $33.8 billion versus the consensus estimate of $33.75 billion.
Fiscal 2019 outlook
Company maintained its guidance of 7 percent to 12 percent growth in fiscal 2019 adjusted EPS... More