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Walgreens Boots Alliance Inc WBA Stock Quote

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Morningstar‘s Stock Analysis WBA

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Reducing Walgreens Uncertainty Rating In Line With Key Peer

Julie Utterback, CFA Senior Equity Analyst

Business Strategy and Outlook

| Julie Utterback, CFA |

Founded in 1901, Walgreens Boots Alliance is a leading global retail pharmacy chain. In fiscal 2021, the company generated approximately $133 billion in revenue and dispensed over a billion prescriptions annually, representing just under one fourth of the U.S. drug market. The firm's nearly 9,000 domestic stores are strategically located in high-traffic areas and generate over $13 million per store, which drives scale and remains a critical consideration in an increasingly competitive market that has witnessed rationalization. The core business is centered on the pharmacy, which accounts for about three fourths of revenue and is considered the main driver of traffic.

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Company Profile WBA

Business Description

Walgreens Boots Alliance is a leading retail pharmacy chain with about 13,000 stores in the U.S. and internationally. Walgreens’ core strategy involves brick-and-mortar retail pharmacy locations in high-traffic areas, with nearly 80% of the U.S. population living within 5 miles of a store. Currently, the company has a leading share of the domestic prescription drug market at about 20%. In 2021, the company sold a majority of its Alliance Healthcare wholesale business to AmerisourceBergen for $6.5 billion, doubling down on its core pharmacy efforts and ventures in strategic growth areas in primary care (VillageMD) and digital offerings. The company also has equity stakes in AmerisourceBergen (29%) and Sinopharm Holding Guoda Drugstore (40%).

108 Wilmot Road
Deerfield, IL, 60015
T +1 847 315-3700
Industry Pharmaceutical Retailers
Most Recent Earnings May 31, 2022
Fiscal Year End Aug 31, 2021
Employees 315,000

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