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  • Previous Rank
    43
  • Revenues ($M)
    $131,537.00
  • Revenue Percent Change
    11.3%
  • Profits ($M)
    $5,024.00
  • Profits Percent Change
    23.2%
  • Assets ($M)
    $68,124.00
  • Employees
    299,000

In December, Walgreens announced its plans to cut more than $1 billion from its annual costs over the next three years in order to stay agile in an increasingly competitive retail landscape. As Amazon continues to edge into the pharmaceutical space, Walgreens has increased its partnerships and consumer offerings. The drug store completed its nearly $4.4 billion acquisition of more than 1,900 Rite Aid stores and three distribution centers in March, although the stores won’t be fully integrated into Walgreens until the 2020 fiscal year. In the past year, the drugstore has also partnered with Humana to offer senior-focused care, Alphabet’s Verily to assist patients with chronic illness, FedEx to offer next-day prescription delivery, and Kroger to test an in-store grocery pilot and let Walgreens serve as a pickup point for online grocery orders. The drugstore has also cleared space for CBD products to be sold in 1,500 stores across nine states.

Company Information

Figures are for fiscal year ended Aug. 31, 2018.
CEO
Stefano Pessina
Sector
Food & Drug Stores
Industry
Food and Drug Stores
HQ Location
Deerfield, Ill.
Websitehttps://www.walgreensbootsalliance.com
Years on Global 500 List25
Employees299,000

Walgreens Boots Alliance Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$131,537.0011.3%
Profits ($M)$5,024.0023.2%
Assets ($M)$68,124.00-
Total Stockholder Equity ($M)$26,007.00-

Profit Ratios

Profit as % of Revenues3.8%
Profits as % of Assets7.4%
Profits as % of Stockholder Equity19.3%