News Formal

Walgreens Cuts Earnings Guidance After a Challenging Second Quarter

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Walgreens cuts its fiscal year earnings guidance and shares fell more than 6% in premarket trading

Walgreens Boots Alliance Inc. cut its earnings expectations for the fiscal year after the drugstore chain said it faced its most difficult quarter since the merger of Alliance Boots and Walgreens.

In the most recent quarter, the Deerfield, Ill.-based company said its profit fell to $1.16 billion, or $1.24 a share, from $1.35 billion, or $1.36 a share, a year earlier. Adjusted earnings came in at $1.64 a share, lower than the $1.72 a share that analysts polled by Refinitiv expected.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I wonder if it's because there are Walgreens/CVS locations about every 100 yards in metro areas ?

But...RiteAid!

Walgreens sells cheap overpriced crap big time. Are people just waking up to how bad this store is?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walgreens' shares slide as drugstore chain misses earnings estimates, lowers 2019 forecastWalgreens misses quarterly earnings estimates, lowers full-year forecast Who shops in Walgreens walgree Their prices are ridiculous. If its not medicine or something to drink, it aint priced right.
Source: CNBC - 🏆 12. / 72 Read more »