Walgreens slashes profit guidance, citing 'challenging' environment for consumers and pharmacies

In an aerial view, a customer enters a Walgreens store on January 04, 2024 in San Pablo, California.Walgreens on Thursday reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a "challenging" environment for pharmacies and U.S. consumers.The retail pharmacy giant now expects fiscal 2024 adjusted earnings of $2.80 to $2.95 per share. That compares with the company's previous outlook of between $3.20 and $3.35 per share."'We assumed.. ...