Dividend Aristocrat Walgreens Boots Alliance (WBA) has reported Q1 adjusted EPS which is down 6% at 1.37 dollar, four cents short of the consensus, while its adjusted operating profit was down 15.6% at 1.5billion dollars. The drugstore chain posted sales growth of 1.6% to 34.3billion dollars (+2.3% at constant exchange rates), including 1.6% growth in…
As mentioned in our newsletter, Dividend Aristocrat Walgreen Boots (WBA) is one of the laggards in 2019 and down almost 13% year-to-date. Last week, WBA already managed expectations by lowering growth earnings in fiscal 2020 because of the low reimbursement rates for prescription drugs, and competition from online retailers such as Amazon.com (AMZN). According to…
S&P Dow Jones Indices announced late Tuesday that Walgreens Boots Alliance (WBA) replaces General Electric (GE) in the Dow Jones Industrial Average, effective prior to the open of trading on June 26. General Electric (GE) out General Electric is removed from the Dow Jones Industrial Average, 122 years after first being handpicked by Charles Dow himself.…