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Walgreens says it will close 1,200 stores by 2027, as earnings top estimates
CNBC· 2024-10-15 11:06
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021.Walgreens on Tuesday reported fiscal fourth-quarter sales and adjusted profit that beat Wall Street's expectations, as the company slashes costs in an attempt to steer itself out of a rough spot.The retail drugstore chain also said it plans to close roughly 1,200 stores over the next three years, which includes 500 in fiscal 2025 alone. The company said those closures will be "immediat ...
Walgreens Loses Another $3 Billion And Plans To Close 1,200 Stores
Forbes· 2024-10-15 11:05
Walgreens "footprint optimization program" will close 1,200 U.S. stores cover the next three years, ... [+] including approximately 500 closures in fiscal 2025, the company said Oct. 15, 2024. In this photo is a sign in front of a Walgreens store in New Kensington, Pennsylvania, US, on Wednesday, Jan. 3, 2024. Photographer: Justin Merriman/Bloomberg© 2024 Bloomberg Finance LPOn a day when Walgreens Boots Alliance reported another $3 billion in losses, the drugstore chain said it will close 1,200 stores over ...
Walgreens Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-10-15 07:59
Walgreens Boots Alliance, Inc. WBA will release earnings results for its fourth quarter, before the opening bell on Tuesday, Oct. 15.Analysts expect the Deerfield, Illinois-based company to report quarterly earnings at 36 cents per share, down from 67 cents per share in the year-ago period. Walgreens projects to report revenue of $35.75 billion for the quarter, compared to $35.42 billion a year earlier, according to data from Benzinga Pro.Walgreens shares fell 2.3% to close at $9.00 on Monday.Benzinga reade ...
Walgreens: A New Risk Just Emerged for the Stock
The Motley Fool· 2024-10-13 15:09
Can this pharmacy retailer overcome this latest threat?It's been a very difficult year for Walgreens Boots Alliance (WBA 1.99%), which has seen its stock lose two-thirds of its value this year. The company has fallen victim to consistent drops in drug reimbursement payments from insurance providers over the years, a poor acquisition, and a cost-conscious consumer.Now a new threat to the company has emerged: Amazon (AMZN 1.16%).The Amazon threatThe pharmacy business has long been considered e-commerce-proof. ...
Walgreens Q4 Earnings Preview: Don't Catch The Falling Knife
Forbes· 2024-10-11 10:00
Wakgreens logo is seen on a building in New York, United States of America, on July 6th, 2024. ... [+] (Photo by Beata Zawrzel/NurPhoto via Getty Images)NurPhoto via Getty ImagesWalgreens (NASDAQ: WBA) is scheduled to report its fiscal Q4 2024 results on Tuesday, October 15 (Walgreens’ fiscal ends in August). We expect the company to post mixed results, with revenue of $34.9 billion and earnings of $0.38 per share, compared to the consensus estimates of $35.7 billion and $0.36, respectively. While the compa ...
Walgreens Stock Desperately Needs a Post-Earnings Pop
Schaeffers Investment Research· 2024-10-10 18:01
Walgreens stock is down over 65% in 2024 and has been in a downturn for over four yearsShares of Walgreens Boots Alliance Inc (NASDAQ:WBA) are up 0.8% to trade at $8.99 this afternoon, brushing off this morning's price-target cut to $11 from $13 at Deutsche Bank. Wall Street is gearing up for the company's fourth-quarter report, due out before the bell on Tuesday, Oct. 15. Below we'll take a look at the company's post-earnings performance history, as well as a few technical set ups that could indicate poten ...
Unlocking Q4 Potential of Walgreens (WBA): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2024-10-10 14:20
In its upcoming report, Walgreens Boots Alliance (WBA) is predicted by Wall Street analysts to post quarterly earnings of $0.36 per share, reflecting a decline of 46.3% compared to the same period last year. Revenues are forecasted to be $35.8 billion, representing a year-over-year increase of 1.1%.Over the last 30 days, there has been a downward revision of 2.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of t ...
Is Walgreens Boots Alliance Inc (WBA) Set to Underperform? Analyzing the Factors Limiting Growth
Gurufocus· 2024-10-09 15:01
Long-established in the Healthcare Providers & Services industry, Walgreens Boots Alliance Inc (WBA, Financial) has enjoyed a stellar reputation. It has recently witnessed a daily gain of 0.17%, juxtaposed with a three-month change of -13.27%. However, fresh insights from the GF Score hint at potential headwinds. Notably, its diminished rankings in financial strength, growth, and valuation suggest that the company might not live up to its historical performance. Join us as we dive deep into these pivotal me ...
Analysts Estimate Walgreens Boots Alliance (WBA) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-08 15:08
Wall Street expects a year-over-year decline in earnings on higher revenues when Walgreens Boots Alliance (WBA) reports results for the quarter ended August 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on O ...
2 Ultra-High-Yield Dividend Stocks Are Near 52-Week Lows. Is It Time to Buy the Dips?
The Motley Fool· 2024-10-08 09:31
With yields of 8% or better at recent prices, these dividend payers are hard to ignore.If you're an investor looking for stocks that can produce giant streams of passive income, you may have noticed a couple of well-established dividend payers have been beaten down a long way over the past 12 months.The past year has been a lousy time for holding shares of Walgreens Boots Alliance (WBA 1.72%) and Western Union (WU -0.76%). Both of these dividend payers have been beaten down to near 52-week lows. At their be ...