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About Walgreens

History

Sales & Earnings

Stores Nationwide

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe. Founded in 1901, and traded on the New York Stock Exchange (NYSE:WAG), Walgreens operates 9,021 drugstores in 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. About 78 percent of the U.S. population lives within five miles of a Walgreens or Duane Reade pharmacy. Walgreens is widely regarded as the safest, most secure single-tenant NNN leased investment property because of its strong balance sheet and market capitalization. For the fiscal year ended August 31, 2023:

  • Sales were over $139.1 billion
  • Profit was $-3.08 billion
  • Net worth was over $18.38 billion

Financials in millions of USD

 Annual 2023Annual 2022Annual 2021
Income Statement   
Total Revenue139,081132,700132,509
Gross Profit27,07228,26528,067
Operating Income(6,882)1,3892,342
Net Income3,4394,3402,542

Walgreens Background

“Walgreens Boots Alliance, Inc., a Delaware corporation (“Walgreens Boots Alliance”), is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products with sales of $136.9 billion in the fiscal year ended August 31, 2019. They have more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling. Their purpose is to help people across the world lead healthier and happier lives.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 251 countries and employ more than 440,0001 people. The Company is a global leader in retail and wholesale pharmacy and, together with the companies in which it has equity method investments, has over 18,7501 stores in 111 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 4001 distribution centers delivering to more than 240,0002 pharmacies, doctors, health centers and hospitals each year in more than 201 countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products. The Company’s size, scale and expertise will help them to expand the supply of, and address the rising cost of, prescription drugs in the United States and worldwide.

Walgreens remains among the fastest growing retailers in the country, even with their planned slowdown of organic growth from the current 9 percent rate to a rate of between 2.5 and 3 percent by 2011. Slower growth offers two big positives: first, more time to develop their management ranks and focus on improving the customer experience; and second, greater flexibility to invest in opportunities that will strengthen their core retail base and deliver attractive returns to their shareholders.” Source: Walgreens Annual Report, 2020

Sales & Earnings
Fiscal Year
Ended Aug. 31
Sales
in Billions
Percent IncreaseEarnings
in Billions
Percent Increase
2023$139.084.8%($3.08)-171.02%
2022$132.7.15%$4.33 70.61%
2021$132.58.63%$2.54457.46%
2020$121.91.59%$456-88.55%
2019$120.08.71%$3.9-20.71%

Stores Nationwide

Total Drugstores – 9,021

Includes 49 states, the District of Columbia, Puerto Rico and U.S. Virgin Islands. Note: Approximately 400 Walgreens stores offer Healthcare Clinic or other provider retail clinic services

Alabama151
Alaska11
Arizona234
Arkansas79
California586
Colorado169
Connecticut116
Delaware62
Florida820
Georgia270
Hawaii17
Idaho38
Illinois574
Indiana188
Iowa72
Kansas70
Kentucky171
Louisiana172
Maine79
Maryland154
Massachusetts249
Michigan232
Minnesota153
Mississippi83
Missouri208
Montana13
Nebraska56
Nevada83
New Hampshire35
New Jersey280
New Mexico70
New York564
North Carolina356
North Dakota1
Ohio242
Oklahoma116
Oregon73
Pennsylvania115
Rhode Island46
South Carolina150
South Dakota14
Tennessee271
Texas701
Utah56
Vermont32
Virginia204
Washington135
West Virginia94
Wisconsin226
Wyoming10
Puerto Rico105
Washington D.C.14

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