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Financial News

Financial news and information in retail pharmacies.

CVS Health to acquire IlliniCare Health

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

Ulta Beauty beats Q3 estimates

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.

Walgreens storefront.

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

PepsiCo entered into a definitive agreement to acquire BFY Brands, the parent company of PopCorners snacks.

Target’s net income rose to $714 million and adjusted earnings per share grew to $1.36 from $1.09, above analysts’ estimates of $1.19. 

As the company nears the first anniversary of its Aetna acquisition, solid results from all of its business segments led to a raised and increased earnings guidance for its full fiscal year.

Coty has acquired a 51% ownership in Kylie Jenner’s beauty business for $600 million.

The Mane Choice partnered with Mav Beauty Brands to reach to a wider range of consumers across North America, the company said.

DevaCurl’s offerings include cleansers, conditioners, styling products, styling accessories and treatments for all types of curly and wavy hair.

Cardinal Health’s first-quarter revenue was $33.4 billion. Despite being 6% greater than revenue in the same quarter last year, it was accompanied by a 3% drop in profit.

A handshake.

Foamix and Menlo’s merger will result in a combined company focused on the dermatology space.

New World Natural Brands announced that it has acquired 18.21 Man Made.

Rite Aid reported a net loss of $78.7 million, or $1.48 per share, and adjusted net income of $6.3 million, or 12 cents per share.

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