Source: CNBC
“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 ‘immediately accretive’ to its adjusted earnings and free cash flow. Walgreens has around 8,700 locations in the U.S., a quarter of which it says are unprofitable. The company’s shares jumped about 6% in premarket trading.” (10/15/24)
https://www.cnbc.com/2024/10/15/walgreens-wba-earnings-q4-2024.html