Walgreens Plans To Close 1,200 Stores Over Next Three Years

KEY TAKEAWAYSWalgreens Boots Alliance said Tuesday that it is shutting around 1,200 stores over the next three years, as the drugstore chain moves to turn around its troubled U.S. business.The chain said it would shut 500 stores in fiscal 2025, and that the closures would be "immediately accretive" to its adjusted EPS and free cash flow.Walgreens also reported fourth-quarter revenue and adjusted EPS that beat Wall Street estimates.Shares of the company are rising more than 3% in premarket trading. Walgreens ...