Financial News

DEERFIELD, Ill. – Walgreens Boots Alliance on Tuesday announced that affiliates of Kohlberg Kravis Roberts & Co. intend to offer approximately 20.5 million shares of the company's common stock for sale in an underwritten secondary offering pursuant to the shelf registration statement filed with the Securities and Exchange Commission on Feb. 17, 2016.
 

SUNBURY, Pa. - Weis Markets on Monday posted a third quarter sales increase of 4.4% to $743 million compared the same period in 2015. Comparable store sales for the 13-week period ended Sept. 24, 2016 increased 2.7%.

In the third quarter, the company's net income declined 16.9% to $10.6 million compared to $12.8 million for the same period in 2015. The company's earnings per share totaled $0.40 compared to $0.48 per share for the same period in 2015.

DUBLIN, Ohio - Cardinal Health on Monday reported first-quarter fiscal year 2017 revenue of $32 billion, an increase of 14% from the comparable quarter last year.

The company also reported a decline in GAAP operating earnings of 14% to $535 million. GAAP diluted earnings per share decreased 17% to $0.96.

SAN FRANCISCO – McKesson on Thursday reported that revenues for the second quarter ended Sept. 30, 2016, totaled $50 billion, up 2% compared to the year-ago period. On the basis of U.S. generally accepted accounting principles, second-quarter earnings per diluted share from continuing operations was $1.35, compared to $2.65 a year ago.

The company is updating its outlook from the previous range of $13.43 to $13.93 per diluted share to a new range of $12.35 to $12.85 per diluted share for the fiscal year ending March 31, 2017.

DEERFIELD, Ill. - Walgreens Boots Alliance on Thursday posted adjusted diluted net earnings per share for the quarter ended Aug. 31 of $1.07, representing an increase of 21.6% and eight cents higher than Wall Street analyst expectations. Walgreens Boots Alliance also beat analyst expectations of adjusted earnings of $4.51 per share by delivering adjusted earnings of $4.59 per share.

DEERFIELD, Ill.  - Walgreens Boots Alliance and Rite Aid Thursday morning announced that, in accordance with the terms of their merger agreement dated Oct. 27, 2015, they have mutually agreed to extend the end date of their merger agreement from Oct. 27, 2016 to Jan. 27, 2017.

The companies now expect the transaction will close in early calendar 2017.

The shave category is trying to get its groove back. With the exception of razors, where sales are up a healthy 10.6% for the 52-week period ended Sept. 4, 2016, as tracked by IRI across multi-outlets, all of the other categories in shave are down.

(To view the full Shave Report, click here.)