A customer walks out of a Walgreens pharmacy store in Austin, Texas, US in this March 26 2018 file photo. Picture: REUTERS/MOHAMMAD KHURSHEED
The company also reported a quarterly profit that missed Wall Street estimates and said macro trends had resulted in the “most difficult quarter” for the company since the merger of Alliance Boots and Walgreens. The magnitude of the cut surprised some Wall Street analysts, who had expected it after the company had warned about increased competition and reimbursement pressures at its pharmacies.
Muken said the deterioration in the US pharmacy is particularly concerning and he does not expect the management to be able to instil confidence in investors during the conference call.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nedbank bets future profits on youth marketNedbank's new digital offering is available only to people younger than 25, which may limit its appeal to older smartphones users
Source: BDliveSA - 🏆 12. / 63 Read more »
Ayo Technology expects its full-year profit to tripleThe company controlled by Iqbal Survé will increase profits by over 200% for the year ending February 2019
Source: BDliveSA - 🏆 12. / 63 Read more »