By Josh Beckerman
Walgreens Boots Alliance Inc. said it won't issue monthly sales
reports for Walgreen Co., preferring to detail its performance in a
"single unified report" when it reports quarterly results.
Walgreen Co. bought 45% of Alliance Boots GmbH from investors
including KKR & Co. in 2012, and purchased the remaining stake
in December.
The company said Wednesday that its fiscal 2016 guidance remains
unchanged. When Walgreen announced the deal in August, it projected
the combined company would earn $4.25 to $4.60 a share excluding
items on revenue of $126 billion and $130 billion for fiscal
2016.
Many retailers, including the major department stores and most
big-box retailers, stopped reporting monthly metrics some time ago,
making it difficult to gain perspective about the entire
industry.
When Wal-Mart Stores Inc. ended monthly reports in 2009, it said
the move "aligns investors with the long-term view we take to build
shareholder value" and would reduce "intra-period volatility
related to events such as calendar shifts." Target Corp. said in
2012 that it was ending monthly reports in an effort to "create a
long-term focus."
On Tuesday, Walgreen Co. said private-equity firm Madison
Dearborn Partners will buy a majority stake in Walgreens Infusion
Services, which will become an independent company.
Write to Josh Beckerman at josh.beckerman@wsj.com
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