Morningstar - Walgreens Boots Alliance Inc (WBA) Walgreens Reports In-Line Results as Volume-Through-Discounting Strategy Is in Full Force

Report

Morningstar

Vishnu Lekraj

EUR 101.80 For Business Accounts Only

Walgreens Reports In-Line Results as Volume-Through-Discounting Strategy Is in Full Force

Walgreens Boots Alliance reported first-quarter results that fell in line with our long-term outlook for the retail pharmacy, and we are reiterating our $73 fair value estimate and no-moat rating. The company has sought a strategy of driving volume by positioning itself as a preferred pharmacy for many major pharmacy benefit manager networks. While this move has significantly increased prescription volume and pharmacy sales, it has also led to lower gross margins. For the quarter, gross margins ...

04/01/2018 13 EN

Underlying

Walgreens Boots Alliance Inc

Walgreens Boots Alliance is a holding company. Through its subsidiaries, the company is engaged in retail and wholesale pharmacy. The company's operations are organized into three divisions, which are also its reportable segments: Retail Pharmacy USA; Retail Pharmacy International; and Pharmaceutical Wholesale. The Retail Pharmacy USA division has pharmacy-led health and beauty retail offerings. The Retail Pharmacy International division has pharmacy-led health and beauty retail businesses. The Pharmaceutical Wholesale division, which mainly operates under the Alliance Healthcare brand, supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers and hospitals.

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US9314271084 NASDAQ Stock Market United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Vishnu Lekraj

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Walgreens Reports In-Line Results as Volume-Through-Discounting Strategy Is in Full Force

Moody's Ratings places Walgreens' ratings under review for downgrade following agreement to be acquired by Sycamore

Vermilion Booster Shots: Attractive bottom-fishing stocks

Walgreens Boots Alliance, Inc.: Update following outlook change to negative

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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