Walgreens results top estimates as drugstore chain works to slash costs
- Walgreens reported a better-than-expected fiscal first quarter with adjusted earnings per share of 51 cents and revenue of $39.5 billion, a 7.5% increase from the previous quarter.
- The drugstore chain, however, lost $265 million as it closed U.S. Stores and worked to revive its business, which has been struggling with shrinking prescription reimbursement, rising costs, and other issues.
- Walgreens has already shut down about a thousand U.S. Stores since 2018 and plans to close around 1,200 more locations as part of its cost-cutting measures.
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Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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