Company News, Financial News

Sales Soar at Walgreen Boots

Rite Aid acquisition brings in big business.

Walgreens Boots Alliance, Inc. posted financial results for the second quarter of fiscal 2018, which ended Feb. 28. 2018. Sales rose 12.1% to $33.0 billion. Operating income jumped 33.9% to $2.0 billion. For the first six months of fiscal 2018, sales rose 10% to $63.8 billion while operating income in the first six months increased 12.9% to $3.3 billion. Executive Vice Chairman and CEO Stefano Pessina said, “Our growth strategy of increasing and consolidating volume, differentiating oursel...

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