Financial News

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.

Industry headwinds bring WBA a ‘soft’ start to 2020 in Q1

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’s Q3 swings to a loss

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 adds QualityCare Pharmacies to its group purchasing organization

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

P&G to acquire female body care brand Billie

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

Amazon reports its holiday sales

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

Albertsons’ Q3 sees continued growth in identical sales, omnichannel offerings

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.

Coty brings new exec to Kylie Cosmetics as deal closes

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

Rite Aid’s solid Q3 offers ‘momentum’ for growth

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 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.