Walgreens Boots Alliance Inc.

Company Overview

Walgreens Boots Alliance (WBA) is an integrated healthcare, pharmacy and retailing company. The company’s operations are conducted through three reportable segments:

• The U.S. Retail Pharmacy includes the company’s Walgreens business, which includes the operations of retail drugstores, health and wellness services, and mail and central specialty pharmacy services, and its equity method investment in AmerisourceBergen. This segment consolidates Innovation Associates (iA) business.
• The International segment consists of pharmacy-led health and beauty retail businesses outside the U.S. and the pharmaceutical wholesaling and distribution business in Germany.
• The U.S. Healthcare is a consumer-centric, technology-enabled healthcare business that engages consumers through a personalized, omni-channel experience across the care journey.

WBA has approximately 13,000 stores within the U.S., Europe and Latin America. As of August 31, 2023, WBA’s U.S. Retail Pharmacy segment operated 8,701 retail stores and five specialty pharmacies; International segment operated 3,960 retail stores; and 529 healthcare locations.

In December 2020, WBA purchased a majority stake in Innovation Associates (iA) for $451 million. This acquisition allows WBA to consolidate iA within its U.S. segment. iA develops pharmacy automation technology and software solutions used in various pharmacy markets. These technologies help pharmacies streamline prescription fulfillment, reduce costs and improve patient services.

Financial Highlights (FY 2024)

Company's Business Segments

• U.S. Retail Pharmacy : This segment includes Walgreens's business, which includes retail drugstore operations, health and wellness services, specialty and home delivery pharmacy services, and its equity method investment in Cencora, Inc. (Cencora).
• International : This segment consists of pharmacy-led health and beauty retail businesses outside the U.S. and the pharmaceutical wholesaling and distribution business in Germany.
• U.S. Healthcare : This segment engages consumers through a personalized, omni-channel experience across the care journey.