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Walgreens cuts EPS guidance, plans to close more stores

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Walgreens News

Walgreens Pharmacy,Prescription Drugs,Tim Wentworth

Walgreens is closing several stores and pulling back on VillageMD locations as it restructures the company.

) 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.

Investors are watching the company closely as CEO Tim Wentworth executes a new strategy for the company. He is focused on what he views as revitalizing pharmacies and pulling back on healthcare services through VillageMD — of which Walgreens is no longer a major stakeholder.

 

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