With fourth quarter profits exceeding Wall Street expectations, Walgreens Boots Alliance touted gains for both the period and the fiscal year despite weak U.S. retail comps.
Rite Aid has sent a letter to shareholders urging their support for the pending Albertsons merger at the company’s upcoming special meeting.
As it advances its merger with Rite Aid, Albertsons posted a first quarter net loss of $17.7 million versus a net loss of $204.9 million in the year-prior period.
Walgreens Boots Alliance has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (GuoDa), a leading retail pharmacy chain in China.
As Rite Aid prepares for its pending merger with supermarket operator Albertsons, the drug store chain posted a net loss in the first quarter.