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One Walgreens pharmacy in Fort Myers, Florida, ordered 95,800 pills in 2009, but by 2011, this number had jumped to 2.2 million pills in one year. Another example was a Walgreens pharmacy in Hudson, Florida, a town of 34,000 people near Clearwater, that purchased 2.2 million pills in 2011, the DEA said.
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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' past few years have been tumultuous. Pre-pandemic, the company was struggling with its front-of-store sales and had made significant investments in digital upgrades to its retail systems.
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