Pharmacy Retailer Giant Walgreens Considers Former Cigna Exec For CEO Role
Portfolio Pulse from Vandana Singh
Walgreens Boots Alliance Inc. is reportedly considering appointing Tim Wentworth, a former executive at Cigna Group, as its next CEO. This comes after the abrupt departure of Rosalind Brewer. Walgreens is facing competition from Amazon.com and Walmart Inc, and is lagging behind its main competitor, CVS Health Corp. Walgreens expects FY23 adjusted EPS to be at or near the low end of its previously stated range. WBA shares are up 6.70% at $22.31 on the last check Friday.
September 29, 2023 | 3:51 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Amazon is identified as a competitor to Walgreens in the retail sector.
The news mentions Amazon as a competitor to Walgreens, but it's not expected to have a direct impact on Amazon's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Former Cigna executive Tim Wentworth is being considered for the CEO role at Walgreens.
The news is relevant to Cigna as it involves a former executive, but it's not expected to have a direct impact on the company's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
CVS Health Corp. is identified as a main competitor to Walgreens in the retail sector.
The news mentions CVS as a main competitor to Walgreens, but it's not expected to have a direct impact on CVS's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Walgreens is considering a new CEO and faces stiff competition, which may impact its FY23 adjusted EPS. Its shares are currently up.
The potential appointment of a new CEO and the competition Walgreens faces could impact its financial performance. However, its shares are currently up, indicating some investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Walmart is identified as a competitor to Walgreens in the retail sector.
The news mentions Walmart as a competitor to Walgreens, but it's not expected to have a direct impact on Walmart's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50