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Financial News

Financial news and information in retail pharmacies.

Albertsons reportedly weighing another IPO effort

The Wall Street Journal, citing sources close to the discussions, reported that Albertsons is set to decide in the coming weeks on whether to proceed with an initial public offering that might value the company at roughly $19 billion.

Target reports sluggish holiday sales, missing estimates

Target’s comparable sales inched up 1.4% in the combined November/December period, compared with growth of 5.7% a year ago.

Walgreens Boots Alliance affirmed its guidance of roughly flat earnings per share as headwinds mitigated solid performance in the retail pharmacy USA division, including strong specialty growth and increasing prescription volume.

Bed Bath & Beyond reported a net loss of $38.6 million for the quarter ended Nov. 30, down from net earnings of $24.4 million.

Benzer Pharmacy has inked a deal with QualityCare Pharmacies, adding its nearly 800 members to its group purchasing organization.

Procter & Gamble is acquiring Billie, a subscription-based, direct-to-consumer brand focused on better serving women’s beauty and grooming needs.

Amazon reported that more people tried Prime this holiday season than any previous year.

Albertsons’ third quarter saw the Boise, Idaho-based retailer posting identical sales gains, as well as continued growth in its omnichannel offerings and penetration of its Own Brands’ offerings.

Christoph Honnefelder has been appointed as CEO of Kylie Cosmetics and Kylie Skin.

Rite Aid posted earnings of $52.3 million, compared with a $17.3 million net loss in the prior year’s third quarter, which CEO Heyward Donigan said offers momentum as the company plans to unveil a long-term growth strategy.

CVS Health announced that, in connection with the previously announced merger of Centene and WellCare Health Plans, it will acquire IlliniCare Health Plan.

Walgreens storefront.

Private equity firm KKR has reportedly been preparing a proposal to take Walgreens Boots Alliance private.

Ulta Beauty reported better-than-expected earnings for its third quarter even as its sales fell short of estimates.

Dollar General reported its best quarterly same-store sales in nearly five years, along with increases on its top and bottom lines.

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