MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

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MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by Ken0069 » Wed Oct 17, 2018 4:15 am

WINNING!!! And the f...ing M0R0NS heads explode yet again!!

Walgreens is raising wages and it's all because of Trump's tax cuts
The pharmacy-chain owner Walgreens Boots Alliance announced Thursday that it will make investments of about $150 million to boost mainly its in-store wages in fiscal 2019 in wake of President Donald Trump's tax reforms.

The announcement marks a 50% increase in company's investment towards wages which was announced in March. At the time, Walgreens said it would invest around $100 million per annum to increase wages beginning later this calendar year.

"We will be making select incremental investments of around $150 million in fiscal 2019, mainly in store wages, but also to fuel our new community health care initiatives, and you can view these in light of the favorable tax reforms in the US," Walgreens CFO James Kehoe said Thursday, on the company's fourth-quarter earnings call.

In December 2017, the Trump administration slashed the federal corporate tax rate from 35% to 21% and allowed a one-time repatriation of overseas cash. The bill also allows companies to bring overseas profits back home to invest in domestic projects or repurchase of shares.

Kehoe said the investments will result in a headwind of approximately $0.12 a share, or two percentage points of earnings-per-share growth for the coming fiscal year.

US retailers are scrambling to keep workers as they look for opportunities with higher pay and attractive benefits. The US unemployment rate fell to a 48-year low of 3.7% in September. According to the Bureau of Labour statistics, there were 757,000 retail-job openings across the United States in July, which is about 100,000 more than a year ago.

The surge in the number of retail jobs has allowed workers the opportunity to move around within the industry. As a result, companies are raising wages to try and retain workers. Earlier this month, Amazon hiked its minimum wage to $15 per hour, effective November 1. That followed wage hikes from places like Target and Costco.

On Thursday, the company said sales jumped 10.9% year-over-year to $33.4 billion, just missing the Wall Street estimate of $33.77 billion. It earned $1.48 a share, or $1.4 billion, beating analysts' estimates of $1.45.

Alongside those fourth-quarter results, the company issued fiscal-year 2019 adjusted earnings-per-share guidance of between $6.40 and $6.70. After dropping as much as 5% in the morning, the stock was up 1%.

Walgreens stock is down 2.6% this year. (more here)
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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by gmrocket » Wed Oct 17, 2018 5:31 am

The bad news never ends 😎

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by RevTheory » Wed Oct 17, 2018 7:09 am

"The United States returned to the top spot as the most competitive country in the world for the first time since 2008 after it made the second highest overall gain from the previous year's ranking from the World Economic Forum."

https://www.dailywire.com/news/37221/us ... _812YyBQc8

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by 1989TransAm » Wed Oct 17, 2018 8:40 am

gmrocket wrote:
Wed Oct 17, 2018 5:31 am
The bad news never ends 😎
Bad news for the lefties on this forum. They would commit suicide if they thought it would get rid of President Trump.

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by gmrocket » Wed Oct 17, 2018 9:30 am

1989TransAm wrote:
Wed Oct 17, 2018 8:40 am
gmrocket wrote:
Wed Oct 17, 2018 5:31 am
The bad news never ends 😎
Bad news for the lefties on this forum. They would commit suicide if they thought it would get rid of President Trump.
I was gonna say, don't give them any ideas. But I won't 😜

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by gmrocket » Wed Oct 17, 2018 9:34 am

RevTheory wrote:
Wed Oct 17, 2018 7:09 am
"The United States returned to the top spot as the most competitive country in the world for the first time since 2008 after it made the second highest overall gain from the previous year's ranking from the World Economic Forum."

https://www.dailywire.com/news/37221/us ... _812YyBQc8
I thought the world economy was gonna crash a while ago? Now it's not, and with continue strong through 2019?

Someone's been feeding me really bad info

Good thing I didn't listen

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by RevTheory » Wed Oct 17, 2018 9:49 am

Have "patients" :mrgreen:

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by j-c-c » Wed Oct 17, 2018 8:17 pm

Ken0069 wrote:
Wed Oct 17, 2018 4:15 am
WINNING!!! And the f...ing M0R0NS heads explode yet again!!

Walgreens is raising wages and it's all because of Trump's tax cuts
The pharmacy-chain owner Walgreens Boots Alliance announced Thursday that it will make investments of about $150 million to boost mainly its in-store wages in fiscal 2019 in wake of President Donald Trump's tax reforms.

The announcement marks a 50% increase in company's investment towards wages which was announced in March. At the time, Walgreens said it would invest around $100 million per annum to increase wages beginning later this calendar year.

"We will be making select incremental investments of around $150 million in fiscal 2019, mainly in store wages, but also to fuel our new community health care initiatives, and you can view these in light of the favorable tax reforms in the US," Walgreens CFO James Kehoe said Thursday, on the company's fourth-quarter earnings call.

In December 2017, the Trump administration slashed the federal corporate tax rate from 35% to 21% and allowed a one-time repatriation of overseas cash. The bill also allows companies to bring overseas profits back home to invest in domestic projects or repurchase of shares.

Kehoe said the investments will result in a headwind of approximately $0.12 a share, or two percentage points of earnings-per-share growth for the coming fiscal year.

US retailers are scrambling to keep workers as they look for opportunities with higher pay and attractive benefits. The US unemployment rate fell to a 48-year low of 3.7% in September. According to the Bureau of Labour statistics, there were 757,000 retail-job openings across the United States in July, which is about 100,000 more than a year ago.

The surge in the number of retail jobs has allowed workers the opportunity to move around within the industry. As a result, companies are raising wages to try and retain workers. Earlier this month, Amazon hiked its minimum wage to $15 per hour, effective November 1. That followed wage hikes from places like Target and Costco.

On Thursday, the company said sales jumped 10.9% year-over-year to $33.4 billion, just missing the Wall Street estimate of $33.77 billion. It earned $1.48 a share, or $1.4 billion, beating analysts' estimates of $1.45.

Alongside those fourth-quarter results, the company issued fiscal-year 2019 adjusted earnings-per-share guidance of between $6.40 and $6.70. After dropping as much as 5% in the morning, the stock was up 1%.

Walgreens stock is down 2.6% this year. (more here)
How one can see sunshine in sales increasing at a drug store as a good sign for the country, sure seems like an oxymoron to me.

What next, funeral homes are expanding at a death defying rate of "winning"? #-o

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by gmrocket » Wed Oct 17, 2018 8:38 pm

j-c-c wrote:
Wed Oct 17, 2018 8:17 pm
Ken0069 wrote:
Wed Oct 17, 2018 4:15 am
WINNING!!! And the f...ing M0R0NS heads explode yet again!!

Walgreens is raising wages and it's all because of Trump's tax cuts
The pharmacy-chain owner Walgreens Boots Alliance announced Thursday that it will make investments of about $150 million to boost mainly its in-store wages in fiscal 2019 in wake of President Donald Trump's tax reforms.

The announcement marks a 50% increase in company's investment towards wages which was announced in March. At the time, Walgreens said it would invest around $100 million per annum to increase wages beginning later this calendar year.

"We will be making select incremental investments of around $150 million in fiscal 2019, mainly in store wages, but also to fuel our new community health care initiatives, and you can view these in light of the favorable tax reforms in the US," Walgreens CFO James Kehoe said Thursday, on the company's fourth-quarter earnings call.

In December 2017, the Trump administration slashed the federal corporate tax rate from 35% to 21% and allowed a one-time repatriation of overseas cash. The bill also allows companies to bring overseas profits back home to invest in domestic projects or repurchase of shares.

Kehoe said the investments will result in a headwind of approximately $0.12 a share, or two percentage points of earnings-per-share growth for the coming fiscal year.

US retailers are scrambling to keep workers as they look for opportunities with higher pay and attractive benefits. The US unemployment rate fell to a 48-year low of 3.7% in September. According to the Bureau of Labour statistics, there were 757,000 retail-job openings across the United States in July, which is about 100,000 more than a year ago.

The surge in the number of retail jobs has allowed workers the opportunity to move around within the industry. As a result, companies are raising wages to try and retain workers. Earlier this month, Amazon hiked its minimum wage to $15 per hour, effective November 1. That followed wage hikes from places like Target and Costco.

On Thursday, the company said sales jumped 10.9% year-over-year to $33.4 billion, just missing the Wall Street estimate of $33.77 billion. It earned $1.48 a share, or $1.4 billion, beating analysts' estimates of $1.45.

Alongside those fourth-quarter results, the company issued fiscal-year 2019 adjusted earnings-per-share guidance of between $6.40 and $6.70. After dropping as much as 5% in the morning, the stock was up 1%.

Walgreens stock is down 2.6% this year. (more here)
How one can see sunshine in sales increasing at a drug store as a good sign for the country, sure seems like an oxymoron to me.

What next, funeral homes are expanding at a death defying rate of "winning"? #-o
Ya that makes sense,, like why be all excited when an automaker announces they are selling more cars?

It's just adding to the climate change or lead to more car accidents

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by j-c-c » Thu Oct 18, 2018 10:24 am

gmrocket wrote:
Wed Oct 17, 2018 8:38 pm
j-c-c wrote:
Wed Oct 17, 2018 8:17 pm
Ken0069 wrote:
Wed Oct 17, 2018 4:15 am
WINNING!!! And the f...ing M0R0NS heads explode yet again!!

Walgreens is raising wages and it's all because of Trump's tax cuts

How one can see sunshine in sales increasing at a drug store as a good sign for the country, sure seems like an oxymoron to me.

What next, funeral homes are expanding at a death defying rate of "winning"? #-o
Ya that makes sense,, like why be all excited when an automaker announces they are selling more cars?

It's just adding to the climate change or lead to more car accidents
a. Newer cars usually emit less harmful gases
b. They often replace older taken off the road cars
c. What funeral home has a special exchange program with new born upgraded babies?

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by woody b » Thu Oct 18, 2018 1:53 pm

How one can see sunshine in sales increasing at a drug store as a good sign for the country, sure seems like an oxymoron to me.

I stopped by Walgreens last week and bought a sack of dog food. :mrgreen: The never Trumpers never cease to amaze me.
I used to be a people person, but people ruined it.

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by j-c-c » Thu Oct 18, 2018 2:54 pm

woody b wrote:
Thu Oct 18, 2018 1:53 pm
How one can see sunshine in sales increasing at a drug store as a good sign for the country, sure seems like an oxymoron to me.

I stopped by Walgreens last week and bought a sack of dog food. :mrgreen: The never Trumpers never cease to amaze me.
And another store lost that sale?

What is your point? #-o

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by sanfordandson » Thu Oct 18, 2018 3:01 pm

Here is all the "winning" in graph form... #-o
Image

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by 86_regal » Thu Oct 18, 2018 4:04 pm

sanfordandson wrote:
Thu Oct 18, 2018 3:01 pm
Here is all the "winning" in graph form... #-o
Image
What are you waiting for?!

Go start your own business and "let it rain"!!

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Re: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

Post by woody b » Fri Oct 19, 2018 10:06 am

Image
I used to be a people person, but people ruined it.

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