Share prices of Walgreens Boots Alliance (NASDAQ: WBA) plunged following the June 27 release of its fiscal third-quarter earnings report, with the stock having one of its worst days on record. The stock price has now fallen more than 53% since the start of 2024. Let’s look at Walgreens’ most recent quarterly report, why the […]
Walgreens said Thursday that it plans to close a “significant” number of its roughly 8,600 stores in the United States. Around 25% of Walgreens’ stores aren’t profitable, and the chain will look to close stores that are right by one another or struggling to hold down theft, CEO Tim Wentworth said in an interview with […]
(Reuters) -The boss of British health and beauty retailer Boots is quitting after U.S. owner Walgreens Boots Alliance’s plans for a sale or stock market listing of the chain stalled, according to a person with knowledge of the situation. Sebastian James, who has run Boots since 2018, will remain in the post until November before […]
TAMPA, Fla. (WFLA) — A man who police said is a “known gang member” was arrested Friday after he allegedly stole $2,000 worth of cigarettes from a Tampa Walgreens using a gun with an extended magazine, according to the Tampa Police Department. Malcolm Green, 28, went to a Walgreens along West Hillsborough Avenue at about […]
Walgreens’ (WBA) stock is down more than 50% this year as the company continues to face retail headwinds and pivots to a brand new strategy for the pharmacy chain. CEO Tim Wentworth, who has been on the job for eight months, laid out an aggressive plan to revamp the company on its third quarter earnings […]
Walgreens is planning to close a substantial number of stores as it undergoes a turnaround. The company has announced it will shut down a “significant” number of its 8,600 stores nationwide, perhaps as many as 25% of those locations, though Walgreens has not yet made a final decision on the number. The timing of the […]
Walgreens’ (WBA) quarterly results are the latest sign that US consumers are increasingly under pressure. Shares of Walgreens Boots Alliance tanked 24% on Thursday after the retail pharmacy chain lowered its full-year guidance due to challenging pharmacy industry trends and a “worse-than-expected” consumer environment, with management citing “a sustained pullback” in discretionary spending. “In US […]
Walgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business. The company didn’t announce a specific number of store closures, but it said Thursday that it is planning “significant” closures of underperforming stores across America as part […]
Walgreens Boots Alliance (WBA) stock plummeted 20% Thursday morning on the news the company slashed its profit guidance, the second time it has adjusted guidance downward in the year. Walgreens now estimates earnings per share of between $2.80 and $2.95, down from guidance of $3.20 to $3.35 last quarter — when it narrowed guidance on […]
(Bloomberg) — Walgreens Boots Alliance Inc. slashed its guidance due to a worsening retail environment and announced it would close significantly more stores as its new chief executive officer seeks to turn the business around. Most Read from Bloomberg Walgreens said Thursday that in addition to the store closures, they would make more organizational changes, […]
Walgreens is finalizing a plan to fix its business that could result in the closure of hundreds of additional stores in the next three years. CEO Tim Wentworth told analysts Thursday morning that “changes are imminent” for about 25% of the company’s stores, which he said were underperforming. The drugstore chain currently runs more than […]
(Reuters) -Walgreens Boots Alliance on Thursday cut its profit forecast for fiscal year 2024 and said it would close more underperforming U.S. stores as weak consumer spending hurts its retail operations. Shares of the Illinois-based company fell more than 15% in premarket trading, after having declined 40% for the year so far. Without specifying the […]