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WALGREENS BOOTS ALLIANCE, INC.

(WBA)
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Walgreens Boots Alliance : COVID-19 test maker Labcorp raises minimum hourly wage to $15

09/02/2021 | 06:38pm EDT

Sept 2 (Reuters) - Laboratory Corp of America Holdings said it has increased the minimum hourly wage for U.S.-based employees to $15 from $10.95, joining several other companies in implementing new measures to retain staff amid a nationwide labor shortage.

The diagnostic tests maker, which has more than 70,000 employees, said on Thursday the new minimum wage for non-union employees is effective this month.

Other U.S. companies such as Walgreens Boots Alliance Inc , CVS Health Corp and Walmart also raised the minimum hourly wages for employees in recent weeks.

With the spread of the highly contagious Delta variant and a nationwide labor shortage due to the pandemic, U.S. companies are forced to implement payment hikes to lure new employees and retain old ones.

Labcorp and peer Quest Diagnostics recently said the spread of the Delta variant led to an uptick in demand for their COVID-19 tests in July.

(Reporting by Manojna Maddipatla in Bengaluru; Editing by Amy Caren Daniel)


ę Reuters 2021
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Analyst Recommendations on WALGREENS BOOTS ALLIANCE, INC.
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Financials (USD)
Sales 2022 133 B - -
Net income 2022 3 393 M - -
Net Debt 2022 10 485 M - -
P/E ratio 2022 12,3x
Yield 2022 4,00%
Capitalization 41 818 M 41 818 M -
EV / Sales 2022 0,39x
EV / Sales 2023 0,37x
Nbr of Employees 258 500
Free-Float 61,1%
Chart WALGREENS BOOTS ALLIANCE, INC.
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Walgreens Boots Alliance, Inc. Technical Analysis Chart | WBA | US9314271084 | MarketScreener
Technical analysis trends WALGREENS BOOTS ALLIANCE, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Last Close Price 48,31 $
Average target price 53,97 $
Spread / Average Target 11,7%
EPS Revisions
Managers and Directors
Rosalind Gates Brewer Chief Executive Officer & Director
James Kehoe Global Chief Financial Officer & Executive VP
Stefano Pessina Executive Chairman
Francesco Tinto Global Chief Information Officer & Senior VP
Ornella Barra Chief Operating Officer
Sector and Competitors