Walgreens earnings on deck as Tim Wentworth takes helm amid profit slump

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Walgreens, which named industry veteran Tim Wentworth as group CEO earlier this week, will publish its fourth quarter earnings and 2024 outlook prior to the opening bell.

shares edged higher in pre-market trading ahead of the pharmacy benefits manager and retailer's fourth quarter earnings prior to the opening bell.

Walgreens, a Dow component, warned in July that"significantly lower demand for COVID-related services, a more cautious and value-driven consumer, and a recently weaker respiratory season" would pressure profit margins.

 

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