Here’s our top picks of the day, along with the album of the week:
Walgreens Q4 tops estimates and launches new business segment.
Net income increased to $627MM (vs $372MM YA) and adjusted earnings per share were $1.17 (vs analyst estimate of $1.02). Comparable pharmacy sales +8.1%, comparable retail sales +8.9%. It reached annual cost savings ahead of schedule ($2B). A very, very solid performance. They also announced launching a Healthcare-based business segment, having made significant investments in VillageMD and CareCentrix, which they view as their growth engine.
Congress Makes Moves To Rein In Online Retailers, Platforms.
Targeting Big Tech, the pen is starting to meet paper on regulations against Facebook, Apple, Amazon, and Google. The goal is to essentially eliminate the advantages their owned platforms give them over competitors and the protections they have from section 230. Regardless, the target on Big Tech is clear—how much regulation actually gets passed remains to be seen.
Walmart beta tests text-to-shop feature.
Another innovation stretch, Walmart looks to make it even easier to text for customers. It’s another “step forward its voice-activated shopping offering.” This will bring a whole new meaning to drunk texting.
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