Walgreens Boots Alliance’s (WBA’s) third quarter profit beat analysts’ expectations, as U.S. pharmacy sales rose 4.3% in the period ended May 31. Net earnings slipped 23.6% to $1 billion compared to the year-ago quarter, while net earnings per share decreased 16.5% to $1.13.
SHELTON, Conn. – Mass market brick and mortar stores, like Walmart and Target, and eCommerce retailers have seen the most success in attracting buyers of vitamins, minerals and nutritional supplements (VMS), according the TABS Analytics 12th Annual Vitamin Study.
Rite Aid Corp. on Wednesday reported operating results for its first fiscal quarter ended June 1, 2019. The company reported net loss from continuing operations of $99.3 million, or $1.88 per share; adjusted net loss from continuing operations of $7.5 million, or $0.
Mike Perry has been appointed president and chief executive officer of Hallmark Cards.
AbbVie and Allergan announced that the companies have entered into a definitive transaction agreement under which AbbVie will acquire Allergan in a cash and stock transaction for a transaction equity value of approximately $63 billion, based on the closing price of AbbVie’s common stock of $78.
Kroger Co. reported Thursday an operating profit of $901 million in its first quarter. Identical sales, excluding fuel, increased 1.5%, down from 1.9% in the fourth quarter and 1.8% in the year-ago quarter. Digital sales in the quarter ended May 25 increased 42% from a year earlier.
McKesson Corp. announced Tuesday that its board of directors elected Dr. Ken Washington as a new independent director, effective July 1, 2019. With the election of Dr. Washington, McKesson’s board of directors increases from nine to ten members, nine of whom are independent.
Ahold Delhaize USA announced that Stop & Shop president Mark McGowan is leaving the company later this year and will be succeeded by Gordon Reid, president of the Giant Food banner. Reid will take the reins at Stop & Shop in late July. Ahold Delhaize said McGowan agreed to stay on to
PepsiCo announced Wednesday that Ram Krishnan, currently chief executive officer, Greater China for PepsiCo, has been appointed to the role of PepsiCo’s global chief commercial officer. Krishnan will continue to lead PepsiCo’s Greater China sector at this point.
PARSIPPANY, N.J. – Restful sleep remains an elusive goal for many adults and therefore, strong gains for sleep aids, including over-the-counter sleep aids, natural sleep products, pain plus sleep combination products, and sleep devices are forecast over the next five years by Kline’s Sleep Aids: U.
Target Corp. on Wednesday reported revenue rose 5% to $17.6 billion in the first quarter of fiscal 2019 as it brought more customers into to its stores. Once there, shoppers spent more than in the previous quarter, the company said. Same-store sales increased 4.
Walmart on Thursday reported first quarter net income of $3.84 billion as revenue rose 1% to $123.9 billion. U.S. same-store sales increased 3.4% in the 13 weeks ended April 30. That was the best performance by that metric in nine years, the company said. Net sales in the United States increased 3.
Kellogg Co. announced Thursday that Kim Reed, general manager of its U.S. Grocery business, has chosen to leave the company to pursue a new career opportunity. The company has divided Reed’s role into two to support the leadership of the Grocery business.
WASHINGTON – The National Retail Federation has warned that the Trump administration’s imposition of additional tariffs on Chinese goods puts the U.S. economy and American jobs at risk.
From notable market growth to the expanding presence of CBD (cannabidiol) products, these are exciting and innovative times for the pet supplements industry, according to market research firm Packaged Facts in the brand new report Pet Supplements in the U.S., 7th Edition.
CAMP HILL, PA – Rite Aid Corp. announced that its stockholders approved a reverse stock split of the company’s common stock at Thursday’s special meeting of stockholders.
