Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy
Publishing timestamp: 2024-03-28 10:52:26
Summary
Walgreens reported fiscal second-quarter sales that beat expectations, but lowered its profit guidance due to challenges in the retail environment. The company posted a steep net loss due to a charge related to its investment in VillageMD. Despite financial woes, Walgreens is confident in its ongoing transformation efforts and cost-cutting programs. The company is exploring innovative ways to boost profitability and growth in its retail pharmacy division.
Sentiment: MIXED
Keywords: business news, biotech and pharmaceuticals, eli lilly and co, biotechnology, pharmaceuticals, breaking news, walgreens boots alliance inc, health care industry, united states, business, earnings,
Source: https://www.cnbc.com/2024/03/28/walgreens-wba-earnings-q2-2024.html