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Walgreens Cuts Earnings Guidance After a Challenging Second Quarter

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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.

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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?

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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 »