With an unmatched global platform at the corner of the retail and health care industries, Walgreens (NYSE: WAG) (Nasdaq: WAG) outlined its strategic growth drivers and long-term goals at its 2013 Analyst Meeting today in London.
Summarizing Walgreens key growth drivers to position the company for long-term growth and shareholder value creation, President and CEO Greg Wasson said, “We are focused on creating a complete Well Experience for our customers across all of our touch points; transforming the role community pharmacy plays in health care; and establishing an unprecedented and efficient global platform through our strategic partnership with Alliance Boots. As our two iconic brands come together, we will have a platform that will be very difficult, if not impossible, to replicate.”
Wasson outlined Walgreens fiscal year 2016 financial goals assuming the exercise of the company’s option to proceed to a full combination with Alliance Boots. Together, the companies aim to have sales of $130 billion or greater; adjusted operating income between $9 billion and $9.5 billion, or $8.5 billion to $9 billion on a GAAP basis; $1 billion in combined synergies; and operating cash flow of $8 billion or more.*
“This combination accelerates our core strategies, creates an unmatched global supply chain and provides a platform for global expansion beyond the U.S. and Europe into new markets around the world,” said Wasson.During the meeting, executives with Alliance Boots provided analysts with insights into their financial performance and the businesses they operate including Boots, its pharmacy-led health and beauty retailing business, and Alliance Healthcare, its pharmaceutical wholesaling and distribution business. Stefano Pessina, Executive Chairman of Alliance Boots, commented, “The Alliance Boots financial track record, growth strategy and unique portfolio of businesses across many countries position us well to take full advantage of opportunities in the changing health care markets. We believe our Group represents a solid investment for Walgreens, and that together we will create a successful, sustainable and profitable global player. I have full confidence in this, both as the leader of Alliance Boots and a shareholder in Walgreens.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV