Financial News

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.)

DEERFIELD, Ill. - Walgreens Boots Alliance on Wednesday announced that its board of directors has declared a regular quarterly dividend of 37.5 cents per share, an increase of 4.2% over the year-ago period.

The dividend is payable Dec. 12, 2016 to stockholders of record as of Nov. 17, 2016.

Walgreens Boots Alliance and its predecessor company, Walgreens, have paid a dividend in 336 straight quarters (or 84 years) and have raised the dividend for 41 consecutive years.

VARENNES, Quebec - The Jean Coutu Group on Wednesday posted increased revenues of 2.1% to $530 million for its second quarter ended Aug. 27, 2016.

WOONSOCKET, R.I. - CVS Health on Thursday announced that its board of directors has approved a quarterly dividend of 42.5 cents per share on the corporation's common stock.

The dividend represents a 21.4% increase as compared to the quarterly dividend of 35 cents per share approved one year ago.

The dividend is payable on Nov. 3, 2016, to holders of record on Oct. 24, 2016.

CAMP HILL, Pa. - Rite Aid on Thursday reported a revenues increase of 4.8% to $8 billion for its second quarter ended Aug. 27. The Pennsylvania chain also recorded net income of $14.8 million, or 1 cent per diluted share, adjusted net income of $35.5 million, or 3 cents per diluted share and adjusted EBITDA of $312.7 million, or 3.9% of revenues.

CINCINNATI - Kroger on Friday reported net earnings of $383 million, or $0.40 per diluted share, and identical supermarket sales growth, without fuel, of 1.7% in the second quarter of 2016 ending Aug. 13.

DEERFIELD, Ill. – Following discussions with the Federal Trade Commission regarding its proposed acquisition of Rite Aid, Walgreens Boots Alliance on Thursday announced the company expected its store divestiture requirement to exceed the previously announced 500 stores expected, but will still fall short of 1,000 stores.

Quest Products is looking to break onto the external analgesic scene with CopperFixx, a balm that combines the analgesic properties associated with copper and arnica. “Copper has always been known to help relieve the aches and pains of certain afflictions,” said Don Ryan, president and CEO of Quest Products. “Until now, no one had figured out how to produce it in a consumer-friendly form.”