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Walgreens Boots Alliance Inc. (WBA)

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Justice Department Sues Walgreens Over Unlawful Opioid Prescriptions

Justice Department Sues Walgreens Over Unlawful Opioid Prescriptions

The Justice Department has filed a civil complaint against Walgreens which operates more than 8,000 pharmacies throughout the United States alleging that they dispensed millions of illegal prescriptions in violation of the Controlled Substances Act (CSA).

Forbes | 11 months ago
Walgreens stock sinks after DOJ sues over illegal-prescription accusations

Walgreens stock sinks after DOJ sues over illegal-prescription accusations

The pharmacy “allowed millions of opioid pills and other controlled substances to flow illegally out of Walgreens stores,” the Justice Department said.

Marketwatch | 11 months ago
U.S. Sues Walgreens for Role in Opioid Crisis

U.S. Sues Walgreens for Role in Opioid Crisis

The pharmacy chain since August 2012 filled prescriptions that lacked a legitimate medical purpose, were invalid or weren't issued in professional practice, the Justice Department said.

Wsj | 11 months ago
DOJ sues Walgreens for 'knowingly' filling millions of prescriptions that lacked legit medical purposes

DOJ sues Walgreens for 'knowingly' filling millions of prescriptions that lacked legit medical purposes

The Department of Justice sued pharmacy giant Walgreens for allegedly dispensing millions of unlawful prescriptions. Walgreens from August 2012 until the present "knowingly" filled those prescriptions, which "lacked a legitimate medical purpose, were not valid, and/or were not issued in the usual course of professional practice," the DOJ said.

Cnbc | 11 months ago
US alleges Walgreens filled millions of prescriptions without medical purpose

US alleges Walgreens filled millions of prescriptions without medical purpose

The U.S. Justice Department said on Friday it has filed a lawsuit alleging that pharmacy chain operator Walgreens knowingly filled millions of prescriptions that lacked a legitimate medical purpose.

Reuters | 11 months ago
After Crashing 64% in 2024, Can Walgreens Boots Alliance Stock Turn Things Around This Year?

After Crashing 64% in 2024, Can Walgreens Boots Alliance Stock Turn Things Around This Year?

To say that pharmacy retailer Walgreens Boots Alliance (WBA 3.19%) has been struggling would be a massive understatement. It's coming off a horrendous year in 2024, when its share price crashed by 64%.

Fool | 11 months ago
Walgreens CEO admits anti-theft measures ‘largely ineffective': ‘When you lock things up, you don't sell as many of them'

Walgreens CEO admits anti-theft measures ‘largely ineffective': ‘When you lock things up, you don't sell as many of them'

Wentworth said Walgreens saw a 52% increase in "shrink" -- or loss of inventory that cannot be accounted for through sales or other legitimate means.

Nypost | 11 months ago
Walgreens anti-shoplifting strategy backfired, CEO says

Walgreens anti-shoplifting strategy backfired, CEO says

Walgreens Boots Alliance Inc (NASDAQ:WBA, ETR:W8A) CEO Tim Wentworth has revealed the pharmacy and retail chain's anti-shoplifting measures have backfired, negatively impacting sales. During the company's recent earnings call, he likened the challenge of addressing theft to “hand-to-hand combat.

Proactiveinvestors | 11 months ago
Why Walgreens Stock Tumbled 64% in 2024

Why Walgreens Stock Tumbled 64% in 2024

Shares of Walgreens Boots Alliance (WBA 2.86%) fell sharply last year as a combination of declining vaccine demand, headwinds on consumer discretionary spending, and misguided acquisitions led to a series of dismal earnings reports from the company.

Fool | 11 months ago
Will WBA Stock Maintain Its Upward Momentum?

Will WBA Stock Maintain Its Upward Momentum?

Walgreens stock surged 27% on Friday, Jan 10, after the company reported upbeat Q1 (fiscal ends in August) results. It reported revenue of $39.5 billion and adjusted earnings of $0.51 per share, compared to the consensus estimates of $37.3 billion, and $0.38, respectively.

Forbes | 11 months ago
Walgreens Stock Skyrockets as Turnaround Begins. Is It Too Late to Buy the Stock?

Walgreens Stock Skyrockets as Turnaround Begins. Is It Too Late to Buy the Stock?

After a dreadful 2024 that saw its stock lose more than 60% of its value, 2025 has started off as a better year for Walgreens Boots Alliance (WBA 27.55%), with the stock skyrocketing after the pharmacy operator announced better-than-expected fiscal Q1 2025 results for the period ended November 2024.

Fool | 11 months ago
Can Walgreens Boots Alliance Stock Keep Soaring?

Can Walgreens Boots Alliance Stock Keep Soaring?

Shares of Walgreens Boots Alliance (WBA 27.55%) rocketed 27.5% higher on Friday, Jan. 10, 2024. This isn't nearly enough to recover from a 64% drop the stock notched last year, but it's a big step in the right direction.

Fool | 11 months ago
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