Tag: Rite Aid Corp

  • Shares making the most important strikes noon: HP, Constellation Manufacturers, CDK International and extra

    A person passes a Hewlett Packard show at a generation convention

    Jim Younger | Reuters

    Take a look at the firms making headlines in noon buying and selling.

    HP — Warren Buffett’s Berkshire Hathaway changed into the most important shareholder within the pc {hardware} corporate, sending stocks up 16.4%. Berkshire Hathaway purchased just about 121 million stocks, or about an 11% stake value more or less $4.2 billion according to Wednesday’s last.

    Lamb Weston Holdings — Stocks soared 6.2% after the meals processing corporate reported quarterly profits. Lamb Weston confirmed benefit of 73 cents consistent with percentage, beating consensus estimates of 44 cents. It reported revenues of $955 million, in comparison to analyst estimates of $969 million.

    Constellation Manufacturers — The inventory jumped 4.3% after the manufacturer of beer, wine and spirits reported an profits beat. Constellation noticed profits of $2.37 consistent with percentage and revenues of $2.1 billion. Analysts anticipated profits of $2.10 consistent with percentage and revenues of $2.02 billion.

    JD.com — Information that founder Richard Liu stepped down from the CEO place despatched stocks down 4%. Liu will stay on as chair. Corporate President Xu Lei will take over as CEO.

    Levi Strauss — Stocks fell just about 5% in spite of Levi’s better-than-expected quarterly document. The denims maker posted a quarterly benefit of 46 cents consistent with percentage on earnings of $1.59 billion. Analysts appeared for profits of 42 cents consistent with percentage on earnings of $1.55 billion. Levi mentioned provide chain constraints harm gross sales by means of more or less $60 million all over the most recent length.

    Costco — The large-box retail chain jumped 3.2%, an afternoon after it reported powerful same-store gross sales in March, which jumped 17.2% within the final 5 weeks finishing April 3.

    CDK International — Stocks jumped 11.4% after the supplier of car retail generation agreed to be bought by means of Brookfield Industry Companions in an $8.3 billion deal. CDK International shareholders gets $54.87 consistent with percentage in money, implying a 12% top class over Wednesday’s last worth for CDK.

    Ford — The automaker dropped 5.2% after Barclays downgraded Ford to equivalent weight from obese. The continuing semiconductor scarcity will stay Ford from rebounding after a coarse begin to 2022, Barclays mentioned in a be aware to purchasers.

    — CNBC’s Hannah Miao and Jesse Pound contributed reporting.

  • Shares making the most important strikes premarket: Conagra, Levi Strauss, Ceremony Assist and others

    Take a look at the firms making headlines earlier than the bell:

    Conagra (CAG) – The meals manufacturer’s inventory tumbled 5.5% within the premarket after issuing a weaker-than-expected forecast for the fiscal yr finishing in Might. Conagra’s effects are being hit through upper transportation and uncooked fabrics prices.

    Levi Strauss (LEVI) – Levi Strauss beat estimates through 4 cents with an adjusted quarterly benefit of 46 cents in keeping with percentage, and the attire maker’s earnings additionally crowned Wall Side road forecasts. The corporate noticed sturdy call for for its denims, tops and jackets whilst effectively elevating costs and chopping down promotions. Levi Strauss rose 3% in premarket buying and selling.

    HP Inc. (HPQ) – HP is surging 15.2% in premarket buying and selling following information that Warren Buffett’s Berkshire Hathaway took an 11.4% stake within the maker of private computer systems and printers.

    Ceremony Assist (RAD) – The inventory tumbled 18.3% in premarket motion after Deutsche Financial institution downgraded the pharmacy operator to “promote” from “dangle.” Deutsche Financial institution mentioned Covid hastened the decline of the retail pharmacy phase, and there is a chance that Ceremony Assist would possibly not have the ability to generate sufficient income to proceed as an running corporate.

    Wayfair (W) – Wayfair slid 4.1% within the premarket after Wells Fargo downgraded the inventory to “underweight” from “equivalent weight.” Wells Fargo mentioned the high-end furnishings store will probably be harm through waning call for, overly constructive consensus estimates and different headwinds.

    Hire the Runway (RENT) – Hire the Runway inventory jumped 3.9% within the premarket after the craze condominium corporate introduced a value hike for its subscribers.

    CDK International (CDK) – The supplier of car retail era agreed to be purchased through Brookfield Trade Companions for $54.87 in keeping with percentage in money. The associated fee represents a 12% top class over CDK’s Wednesday final worth.

    SoFi Applied sciences (SOFI) – The web private finance corporate’s stocks slid 5.1% within the premarket after chopping its full-year outlook. The lower follows the White Space pronouncing a pupil mortgage cost moratorium will probably be prolonged.

    JD.com (JD) – JD.com introduced that founder Richard Liu has left the manager government officer place and President Xu Lei will take over because the Chinese language e-commerce corporate’s CEO. Liu will stay as chairman. JD.com fell 1.1% within the premarket.

    Teladoc Well being (TDOC) – The supplier of digital physician visits noticed its inventory acquire 1.5% in premarket motion after Guggenheim initiated protection with a “purchase” score. Guggenheim mentioned well being care get entry to is shifting extra towards virtual interactions and that Teladoc has a broader provider portfolio than different suppliers.

  • Walgreens turns to robots to fill prescriptions, as pharmacists tackle extra tasks

    Walgreens is the use of automation to fill extra of consumers’ prescriptions. Within a Dallas house facility, vivid yellow robot hands cling tablet bottles as much as dispensers, which free up pills like a moderately calibrated merchandising device.

    Melissa Repko | CNBC

    NORTHLAKE, Texas — Vibrant yellow robot hands are turning into a larger a part of Walgreens’ team of workers.

    Within of a giant facility within the Dallas house, they fill 1000’s of prescriptions for purchasers who take drugs to regulate or deal with hypertension, diabetes or different prerequisites. Each and every robotic can fill 300 prescriptions in an hour, the corporate stated — kind of the similar quantity that a normal Walgreens pharmacy with a handful of group of workers might do in an afternoon.

    Walgreens Boots Alliance is opening the automatic, centralized hubs to take care of within the fast-changing pharmacy business. The pandemic has intensified the pharmacy chain’s want to keep related as on-line pharmacies siphon off gross sales and extra shoppers have pieces from bathroom paper to toothpaste brought to their doorstep. The worldwide fitness disaster has additionally heightened call for for pharmacists, as hospitals and drugstores employed them to manage Covid vaccines and assessments.

    That has pressured Walgreens and its competition, CVS Well being and Ceremony Assist, to reconsider the position in their shops and pharmacists.

    Walgreens’ new CEO, former Starbucks working leader Roz Brewer, needs to make fitness care the corporate’s “expansion engine.” It obtained the bulk stake of VillageMD, a number one care corporate, and iA, a pharmacy and health-care automation era corporate this is serving to it construct out the centralized hubs. It’s exploring a possible sale of its U.Ok.-based Boots industry.

    By means of 2025, up to part of Walgreens’ prescription quantity from shops might be crammed on the computerized facilities, stated Rex Swords, who oversees amenities as Walgreens’ staff president of centralized services and products, operations and making plans.

    That can release extra of pharmacists’ time to supply fitness care, Brewer stated in an interview with CNBC’s Bertha Coombs.

    “We are doing all of this paintings, in order that the pharmacist has an more uncomplicated activity, in order that they may be able to get again to being entrance and heart, construction a dating with that affected person and interacting the way in which they had been educated — the paintings that they find irresistible to do,” she stated.

    Pharmacists will proceed to fill time-sensitive drugs and regulated ingredients at native shops as the corporate expands its use of robots.

    Brian Tanquilut, an analyst for Jefferies, stated the automation may assist Walgreens focal point on tactics to tell apart from on-line pharmacies suh as Amazon-owned PillPack and Tablet, and CVS, which owns fitness insurer Aetna and pharmacy advantages supervisor Caremark.

    “This can be a complementary transfer to probably the most health-care technique they have laid out,” he stated.

    CVS makes use of robotics to help in filling prescriptions in its best possible quantity shops, however thru a spokesperson, the corporate declined to mention how a lot of its total quantity is crammed via automation.

    Walgreens will percentage its fiscal second-quarter profits on Thursday.

    Tablet bottles and caps transfer thru a choreographed and extremely computerized meeting line within the Dallas house. Walgreens is construction an identical micro-fulfilment facilities around the nation.

    Melissa Repko | CNBC

    A glimpse of the long run

    The robot-powered heart in Northlake, kind of 36 miles northwest of Dallas, gives a glimpse of Walgreens’ long run. It’s staffed via 220 staff, together with a handful of authorized pharmacists.

    Every day, about 35,000 prescriptions are crammed on the Dallas house facility — however in the end that quantity will build up to as many as 100,000 day-to-day, Swords stated.

    Over the following 3 years, Walgreens plans to develop to a complete of twenty-two amenities that serve over 8,500 of the corporate’s just about 9,000 shops. It has opened two others close to Phoenix and Memphis.

    As a substitute of having crammed via hand, tablet bottles and caps transfer thru a choreographed and extremely computerized meeting line.

    Canisters of capsules move into robot-powered pods at Walgreens’ computerized facility within the Dallas house.

    Melissa Repko | CNBC

    A staff feed robotic pods boxes of capsules. Each and every drugs will get its personal canister and tablet counter. A yellow robot arm grabs a classified tablet bottle and holds it as much as the canister, which dispenses capsules like a moderately calibrated merchandising device.

    Then, earlier than the tablet bottle leaves the pod, it get crowned with a cap.

    Within the Dallas facility, the robotic pods can dispense about 900 other drugs. Some commonplace drugs are in a couple of dispensers to stay alongside of the workload.

    Tablet bottles trip alongside the observe. At one station, some get paired up with a affected person’s different drugs or the remainder of his or her 90-day drugs provide. Scanners learn bar codes, so printers can get ready forms and baggage that consumers will later select up.

    The ones prescriptions — now packaged in a bag — are ferried via Roomba-like rolling robots. The units kind prescriptions and drop them into plastic totes that head to the similar pharmacy location.

    A employee puts crammed and packaged prescriptions on rolling robots at Walgreens’ centralized facility within the Dallas house. The robots assist kind the prescriptions and drop them into plastic totes that head to the similar pharmacy location.

    Melissa Repko | CNBC

    About 30% of prescriptions on the facility skip the automatic meeting line, Swords stated. As a substitute, staff manually get ready pieces like bronchial asthma inhalers, eye drops and temperature-controlled drugs.

    There are safety and security exams during the method, together with pharmacists who test the drugs in canisters and tablet bottles, digital locks at the robotic pods that may discover and forestall meting out if a canister is within the incorrect spot, and zip ties on totes that shipping the crammed prescriptions to shops.

    The amenities don’t but fill unsolicited mail prescriptions, however this is at the program’s roadmap, Swords stated.

    Extra hands-on pharmacists

    Vans from AmeriSourceBergen pressure the ready-to-pickup prescriptions to greater than 500 drugstores throughout maximum of Texas, portions of Arkansas and portions of Louisiana — a radius of about 400 miles. The similar vehicles additionally ship wholesale medication to these pharmacies.

    To shoppers, the alternate to automation could be onerous to discover — with the exception of rather other packaging.

    For Walgreens, the funding may translate into value financial savings and new streams of earnings. Walgreens President John Standley stated on the corporate’s investor day in October that the micro-fulfillment facilities will scale back the corporate’s running capital via $1.1 billion via 2025.

    As extra prescriptions get crammed via robots, he stated pharmacists can tackle different tasks that Walgreens can invoice to insurers or shoppers, corresponding to trying out and treating scientific prerequisites like strep or the flu and writing prescriptions for other folks susceptible to HIV.

    For instance, as a part of a pilot program, pharmacists in Ohio are counseling and managing deal with sufferers with bronchial asthma and protracted obstructive pulmonary illness.

    Rick Fernandez, a regional fitness care director for Walgreens within the Dallas house, stated the pandemic underscored the price of pharmacists and the way they may be able to be utilized in smarter tactics.

    “It is more or less dreary to be filling scripts all day lengthy,” he stated. “What we had been listening to was once pharmacy was once extra of an asset that folks gave us credit score for.”

    Jefferies’ Tanquilut stated the automation can scale back staffing wishes and switch pharmacists into extra hands-on scientific suppliers. It isn’t transparent how that can play out — whether or not that can imply smaller pharmacy group of workers or a team of workers that is the similar measurement or larger, however with other roles. Every other issue is state rules. Walgreens is urging state lawmakers to permit pharmacists to supply an extended listing of health-care services and products.

    The problem, he stated, will probably be convincing shoppers and insurers to pay — fairly than anticipating loose recommendation.

    “One of the vital key questions is ‘Are you getting paid for this stuff?’” he stated. “The theory or the hope is that over the years, there will probably be exact compensation for them offering that provider to sufferers.”

    Sign up for us for Wholesome Returns on Wednesday, March 30 to listen to fitness care mavens, together with Walgreens Boots Alliance CEO Roz Brewer, talk about fitness tech making an investment, the drug marketplace, fitness fairness, wellness techniques and extra. Sign in right here.

  • Thieves goal any other supply for stolen items: Supply vans and trains stuffed with applications

    Pictures from video display emptied bins alongside rail tracks in Los Angeles after thieves broke into Union Pacific shipment trains.

    Supply: NBC4 | Los Angeles

    As an alternative of shoplifting from retail outlets, some thieves are zeroing in on any other goal: Trains and supply vans stuffed with applications on consumers’ doorsteps.

    UPS Leader Govt Carol Tome stated Friday that one of the vital corporate’s 18-wheeler vans was once robbed in Atlanta within the early hours of the morning. She stated thieves hijacked the truck after the driving force left one of the vital supply corporate’s greatest hubs.

    “He was once stopped at gunpoint. He was once zip-tied, thrown into the again of his feeder automobile they usually took the applications,” she stated on CNBC’s “Squawk Field.” The theft came about in overdue December, consistent with an NBC information document.

    In downtown Los Angeles, a video from the native CBS station presentations looted applications littering the teach tracks. Thieves raided shipment packing containers and left in the back of cardboard bins that were sporting purchases from Amazon and REI, together with some with UPS labels and monitoring numbers, consistent with the document. The ones deserted bins carried products starting from unused Covid exams and fishing lures to EpiPens, consistent with tweets from one of the vital TV station’s journalists.

    In step with a document from NBCLA, the thefts were an ongoing factor in fresh months.

    Pictures from video display emptied bins alongside rail tracks in Los Angeles after thieves broke into Union Pacific shipment trains.

    Supply: NBC4 | Los Angeles