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About Walgreens

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe. Founded in 1901, and traded on the New York Stock Exchange (NYSE:WAG), Walgreens operates 9,021 drugstores in 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. About 78 percent of the U.S. population lives within five miles of a Walgreens or Duane Reade pharmacy. Walgreens is widely regarded as the safest, most secure single-tenant NNN leased investment property because of its strong balance sheet and market capitalization. For the fiscal year ended August 31, 2021:

  • Sales were over $132.5 billion
  • Profit was over $2.5 billion
  • Net worth was over $39 billion

Financials in millions of USD

  Annual 2021 Annual 2020 Annual 2019
Income Statement      
Total Revenue 132,509,000 121,982,000 120,074,000
Gross Profit 28,067,000 26,078,000 28,159,000
Operating Income 3,481,000 982,000 4,766,000
Net Income 2,542,000 456,000 3,982,000
 

Walgreens Background

“Walgreens Boots Alliance, Inc., a Delaware corporation (“Walgreens Boots Alliance”), is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products with sales of $136.9 billion in the fiscal year ended August 31, 2019. They have more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling. Their purpose is to help people across the world lead healthier and happier lives.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 251 countries and employ more than 440,0001 people. The Company is a global leader in retail and wholesale pharmacy and, together with the companies in which it has equity method investments, has over 18,7501 stores in 111 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 4001 distribution centers delivering to more than 240,0002 pharmacies, doctors, health centers and hospitals each year in more than 201 countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products. The Company’s size, scale and expertise will help them to expand the supply of, and address the rising cost of, prescription drugs in the United States and worldwide.

Walgreens remains among the fastest growing retailers in the country, even with their planned slowdown of organic growth from the current 9 percent rate to a rate of between 2.5 and 3 percent by 2011. Slower growth offers two big positives: first, more time to develop their management ranks and focus on improving the customer experience; and second, greater flexibility to invest in opportunities that will strengthen their core retail base and deliver attractive returns to their shareholders.” Source: Walgreens Annual Report, 2020

Sales & Earnings

Fiscal Year
Ended Aug. 31
Sales
in Billions
Percent Increase Earnings
in Billions
Percent Increase
2021 $132.5 8.63 $2.5 457.46%
2020 $121.9 1.59% $456 -88.55%
2019 $120.0 -8.71% $3.9 -20.71%
2018 $131.5 11.27% $5.02 23.20%
2017 $118.2 0.74% $4.07 -2.28%

Stores Nationwide

Total Drugstores – 9,021

Includes 49 states, the District of Columbia, Puerto Rico and U.S. Virgin Islands. Note: Approximately 400 Walgreens stores offer Healthcare Clinic or other provider retail clinic services

Alabama 151
Alaska 11
Arizona 234
Arkansas 79
California 586
Colorado 169
Connecticut 116
Delaware 62
Florida 820
Georgia 270
Hawaii 17
Idaho 38
Illinois 574
Indiana 188
Iowa 72
Kansas 70
Kentucky 171
Louisiana 172
Maine 79
Maryland 154
Massachusetts 249
Michigan 232
Minnesota 153
Mississippi 83
Missouri 208
Montana 13
Nebraska 56
Nevada 83
New Hampshire 35
New Jersey 280
New Mexico 70
New York 564
North Carolina 356
North Dakota 1
Ohio 242
Oklahoma 116
Oregon 73
Pennsylvania 115
Rhode Island 46
South Carolina 150
South Dakota 14
Tennessee 271
Texas 701
Utah 56
Vermont 32
Virginia 204
Washington 135
West Virginia 94
Wisconsin 226
Wyoming 10
Puerto Rico 105
Washington D.C. 14

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