HONG KONG, CHINA - 2024/06/21: In this photo illustration, the American pharmacy chain Walgreens ... [+] (NASDAQ: WBA) logo seen displayed on a smartphone with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesWalgreens recently reported its Q3’24 results (fiscal ends in August), with revenue exceeding but earnings falling short of our expectations. The company reported revenue of $ ...

Walgreens on Thursday said it could shutter up to a quarter of its more than 8,600 US locations amid plunging retail sales as inflation-battered shoppers cut back on spending.The struggling drug store chain, which closed 150 US locations last year, cut its profit forecast ahead of reporting its quarterly earnings — sending the company’s stock plummeting by nearly 25% in mid-day trading.Walgreens CEO Tim Wentworth, who took over the 123-year-old company in October, cited “persistent pressures on the US consu ...

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Q3 2024 Earnings Conference Call June 27, 2024 8:30 AM ET Company Participants Tiffany Kanaga - VP of IR Tim Wentworth - CEO Manmohan Mahajan - Global Chief Financial Officer Mary Langowski - President, U.S. Healthcare Rick Gates - SVP and Walgreens Chief Pharmacy Officer Tracey Brown - President, Walgreens' Retail and Chief Customer Officer Conference Call Participants Lisa Gill - JPMorgan Charles Rhyee - TD Cowen Eric Percher - Nephron Research Ann Hynes - Mizuh ...

Walgreens (NASDAQ:WBA) stores will be closing as the company’s CEO announces that “imminent” changes need to happen at the struggling pharmacy chain.According to CEO Tim Wentworth, Walgreens has continued to have trouble courting customers as they are resistant to current prices. This comes as inflation is weighing on the economy and causing consumer spending to fall.As a result, Wentworth claims that Walgreens will be looking over its stores to see which ones to close. He claims that 75% of the company’s s ...

A slew of economic data is served to us this morning. Not only our usual Weekly Jobless Claims, but also Durable Goods, the final revision to Q1 GDP and an earnings report from a household American retailer. We’ll see Pending Home Sales out after the opening bell today (expected to moderate from the big dip a month ago). Upon these reports having been released, pre-market indices have improved slightly but remain in the red: the Dow -45 points, the S&P 500 -2 and the Nasdaq -25 points.Initial Jobless Claims ...

Key TakeawaysWalgreens Boots Alliance's third-quarter profit fell short of estimates, and the company cut its outlook because of what it called a "difficult operating environment."The big pharmacy chain and healthcare provider also planned changes to its U.S. Healthcare segment and said it would close "certain underperforming stores."Shares of Walgreens fell to levels not seen since 1997. Walgreens Boots Alliance (WBA) shares crashed to their lowest level since 1997 on Thursday as the big pharmacy chain and ...

damircudic/E+ via Getty Images Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) are getting absolutely crushed here today. We can see the temptation here to come in and scoop what appear to be extremely cheap shares, even with all the operational problems at the company. Despite rampant theft, heavy competitions, changing dynamics of the pharmacy space, and general pressure on the consumers, the company still makes money. However, the company is in trouble. In this column, we highlight the most rec ...

Thursday, June 27th, 2024A slew of economic data is served to us this morning. Not only our usual Weekly Jobless Claims, but also Durable Goods, the final revision to Q1 GDP and an earnings report from a household American retailer. We’ll see Pending Home Sales out after the opening bell today (expected to moderate from the big dip a month ago). Upon these reports having been released, pre-market indices have improved slightly but remain in the red: the Dow -45 points, the S&P 500 -2 and the Nasdaq -25 poin ...

Walgreens Boots Alliance (WBA) reported $36.35 billion in revenue for the quarter ended May 2024, representing a year-over-year increase of 2.6%. EPS of $0.63 for the same period compares to $1.00 a year ago.The reported revenue represents a surprise of +1.07% over the Zacks Consensus Estimate of $35.96 billion. With the consensus EPS estimate being $0.67, the EPS surprise was -5.97%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Walgreens on Thursday announced plans to close a "significant" number of underperforming stores across the U.S. due to ongoing challenges with profitability and declining margins. The store closures are part of the company's multi-year footprint optimization program. While Walgreens didn't specify how many of its more than 8,700 stores will be affected, CEO Tim Wentworth told The Wall Street Journal that a "meaningful percent" of the underperforming locations would shutter. Walgreens shares tumbled in pre-m ...