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Walgreens Boots Alliance (WBA) reports its fiscal 2024 third-quarter results, with adjusted EPS of $0.63 (below estimated $0.68) and revenue of $36.35 billion (above estimated $36.0 billion). The company plans to close a significant share of its roughly 8,600 stores in the US due to challenging operating environments and lower guidance for FY24.
Walgreens cuts profit view, looks to shut more stores as spending slows https://t.co/ytnqZYQOGN https://t.co/7rxQ0tGnM8
Walgreens is planning to close a significant share of U.S. stores, CEO Tim Wentworth of parent company Walgreens Boots Alliance told the Wall Street Journal. https://t.co/dDz5J4Gvdh
$WBA "Our customers have become increasingly selective and price-sensitive in their purchases. In response, we invested in targeted promotion and price decisions"