WBA Stock Up 16% on New Restructuring Strategy: How to Play the Stock [Yahoo! Finance]
Walgreens Boots Alliance, Inc. (WBA)
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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Source: Yahoo! Finance
To improve the company's cash position, WBA yesterday announced a significant restructuring plan. Under this plan, the company aims to close approximately 1,200 stores over the next three years, with about 500 targeted to close in fiscal 2025. Walgreens Boots is prioritizing closing locations that are cash flow negative. Underperforming stores where the company owns the locations and stores where the lease expirations are due in the next few years are the primary targets. This apart, the company is also working on plans to exit the VillageMD business to focus more on core growth. If these plans get properly executed, Walgreens Boots, while streamlining its business, can also strategically reduce its debt level. The company yesterday noted that the implementation of the Footprint Optimization Program will be immediately accretive to adjusted EPS and free cash flow. WBA Shares Are Cheap In terms of valuation, WBA's forward 12-month price-to-earnings (P/E) is 6.02X, a discount t
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WBA
News
- Walgreens Boots Alliance, Inc. (NASDAQ: WBA) had its price target raised by analysts at UBS Group AG from $9.00 to $10.00. They now have a "neutral" rating on the stock.MarketBeat
- Walgreens announces plans to close 1,200 stores nationwide [MSNBC.com]MSNBC.com
- Walgreens Boots Alliance, Inc. (NASDAQ: WBA) had its price target raised by analysts at Barclays PLC from $7.00 to $8.00. They now have an "underweight" rating on the stock.MarketBeat
- Walgreens Plans To Close Over A Thousand Stores: Here's What We Know [Yahoo! Finance]Yahoo! Finance
- Walgreens Boots Alliance, Inc. (NASDAQ: WBA) had its price target raised by analysts at Evercore ISI from $7.50 to $10.00. They now have an "in-line" rating on the stock.MarketBeat
WBA
Earnings
- 10/15/24 - Beat
WBA
Sec Filings
- 10/15/24 - Form 10-K
- 10/15/24 - Form 8-K
- 9/6/24 - Form 3
- WBA's page on the SEC website