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 |
