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Retail

Walgreens Boots Alliance Sales Rise 12% After Rite Aid Purchase

Pharmacy giant Walgreens Boots Alliance has reported that sales increased 12.1% to $33 billion in the second quarter of the year, with net earnings up 16.6% to $1.7 billion.

This brings the group's total sales for the year to date to $63.8 billion, representing an increase of 10% compared to the same period last year.

Pharmacy sales in the group's US business were boosted by the acquisition of Rite Aid, and the continued integration of 1,982 of its stores into the Walgreens network.

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