Walgreens says it will close 1,200 stores by 2027, as earnings top estimates
- Walgreens will close approximately 1,200 locations by 2027 to address a $3 billion quarterly loss in its U.S. Business.
- Around 500 store closures will occur in the current fiscal year to boost earnings and cash flow, although specific locations remain undisclosed.
- For the final quarter of 2024, Walgreens reported a net loss exceeding $3 billion. Adjusted earnings were 39 cents per share with a 6% sales increase to $37.5 billion.
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