Walgreens Boots Alliance, Inc. (WBA) Stock Forecast

About the Company

Walgreens Boots Alliance, Inc. (WBA) is an American multinational holding company headquartered in Deerfield, Illinois. The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots (owner of Boots UK Limited) that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years. Walgreens became a subsidiary of the newly created company after the transactions were completed. As of 2022, Walgreens Boots Alliance is ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue. In fiscal year 2022, the company saw sales of $132.7 billion, up 0.1% from fiscal 2021, and saw net earnings increase to $4.3 billion. The combined business has operations in 9 countries, as of August 31, 2022. Walgreens had formerly operated solely within the United States and its territories, while Alliance Boots operated a more multinational business. The company began trading on the Nasdaq in its inception, under the symbol WBA. On June 26, 2018, Walgreens Boots Alliance replaced General Electric on the Dow Jones Industrial Index. Walgreens Boots Alliance was subsequently replaced by Amazon on the Dow Jones Industrial Index on February 26, 2024. The company is also a component of the S&P 500 index; it was formerly a Nasdaq-100 company until 2024. In March 2025, the company announced that it had agreed to be acquired by Sycamore Partners. The private equity firm will pay $11.45 per share for the company.

Sector

Trade & Services

Industry

Retail-Drug Stores and Proprietary Stores

Employees

10026

Exchange

Nasdaq