Walgreens booked a better-than-expected fiscal first quarter, but the drugstore chain lost $265 million as it closed U.S. stores and continued work to revive its business. The company, beset by shrinking prescription reimbursement, rising costs and other problems, had announced in announced in October a plan to close around 1,200 locations. Walgreens said Friday that higher costs from that plan were the main factor behind its quarterly loss. The company didn’t detail how many stores it has closed.
Walgreens Tops Wall Street’s Expectations As Drugstore Chain Continues Turnaround Plan
Tom Murphy, Chicago Tribune: Business
Fri, 01/10/2025 - 8:33am
Topics: rite aid walgreens boots alliance inc united kingdom mexico thailand ceo tim wentworth while factset sales shares deerfield illinois dow jones industrial average only the dow jones industrial average on friday walgreens u.s a in analysts turnaround plan drugstore chain company earnings stores costs locations fiscal business grew climbed retail closed cents prescription billion reimbursement adjusted cash october announced quarterly stock year quarter early forecast start shed main trading pharmacies
BING NEWS:
- Walgreens tops Wall Street's expectations as drugstore chain continues turnaround plan
Walgreens booked a better-than-expected fiscal first quarter, but the drugstore chain lost $265 million as it closed U.S. stores and continued work to revive its business. The company, beset by ...
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Walgreens shares surged Tuesday, posting their highest price since October after The Wall Street Journal reported the drugstore chain is in talks to sell itself to a private equity firm following ...
12/10/2024 - 7:10 am | View Link - More
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