Walgreens Overview

(S&P Rating: BBB; Moody's Rating: Baa2)

Walgreens, a subsidiary of Walgreens Boots Alliance, is a leading pharmacy chain in the U.S., with over 8,100 drugstores across all 50 states. In 2012, Walgreens began its purchase of Alliance Boots, a leading European-based pharmaceutical retailer, and had acquired 100% of the company in 2014 for a total-combined amount of over $16 billion, resulting in the succeeding entity, Walgreens Boots Alliance. In 2018, WBA paid $4.16 billion to acquire over 1,900 Rite Aid stores, making WBA the largest owner of retail pharmacies in the United States.

Key Financials (2017)

Total Revenue:$118.24 billion
Year-Over-Year Revenue Growth:0.74%
Gross Profit:$29.16 billion
Net Income:$4.08 billion

Company Information

The Walgreens logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing Articles

Walgreens Boot Alliance owns and operates over 13,200 stores in 11 countries, and employ over 385,000 people. Their 390 distribution centers deliver to more than 230,000 hospitals, pharmacies, and doctors throughout 20 countries. Other brands under WBA ownership include Boots and Alliance Healthcare, and Duane Reade, along with a number of company-manufactured products.

In 2018, Walgreens Boots Alliance was included for the 25th straight year (Walgreens included) in Fortune magazine’s “World’s Most Admired Companies.”

Further Resources

  Company Site | Investor News & Annual Reports | NYSE: WBA

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