Walgreens slashes profit guidance, citing 'challenging' environment for consumers and pharmacies
In an aerial view, a customer enters a Walgreens store on January 04, 2024 in San Pablo, California.Walgreens on Thursday reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a "challenging" environment for pharmacies and U.S. consumers.The retail pharmacy giant now expects fiscal 2024 adjusted earnings of 2.95 per share. That compares with the company's previous outlook of between 3.35 per share."'We assumed.. ...