Walgreens outlines initiatives at analyst conference

DEERFIELD, Ill. Walgreens outlined at its Analyst Day conference in Chicago a series of strategic initiatives to create shareholder value. These include enhancing the customer experience for shoppers and patients; further extending its presence in pharmacy, health and wellness services; broadening and deepening its relationships with employers, managed care organizations and PBMs; and major cost reduction and productivity gain. The company expects that these initiatives will result in increased revenue growth and return the company to strong double-digit EPS growth.

Walgreens chairman and acting ceo Alan McNally, who introduced the conference, said, “Walgreens has an outstanding leadership team with a diverse set of capabilities. We have achieved 34 consecutive years of record sales and earnings, and during the time have developed our fundamental strengths and outstanding assets. We have the best, most convenient, community-based store network in America and our brand is one of the most recognized and trusted in the country. And we have a strong balance sheet, solid credit ratings and financial flexibility.”