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In January 2024, 22-year-old Cole Schmidtknecht went to Walgreens to fill a prescription for an asthma inhaler. He was told the price of the inhaler had increased from $66 to $539 out-of-pocket ...
Walgreens has pursued a shift in strategy since CEO Tim Wentworth took over in late 2023. VillageMD has been performing poorly, resulting in an operating loss for Walgreens' books.
Still, Walgreens managed to beat earnings expectations, reporting earnings per share of $1.20 compared to analyst expectations of $0.82. The company's stock was up nearly 4% in trading Thursday.
Walgreens Boots Alliance cut its profit forecast for fiscal 2024 and said it would close underperforming U.S. stores as weak consumer spending hurts retail operations.
Scientific wild-ass guess (SWAG) is an American English slang term meaning a rough estimate made by an expert in the field, based on experience and intuition. It is similar to the slang word guesstimate , a portmanteau of guess and estimate .
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Walgreens now estimates earnings per share of between $2.80 and $2.95, down from guidance of $3.20 to $3.35 last quarter — when it narrowed guidance on the upper end.
Walgreens (WBA) is launching a new credit card program, with two cards focused on rewards for pharmacy purchases as well as swipes and taps for other health and wellness bills.