Reported about 1 year ago
Shares of Walgreens Boots Alliance saw a significant drop of 25.4% in June due to poor fiscal third-quarter results and guidance revisions. While revenue grew by 2.6%, adjusted earnings per share plummeted by 36.6%, leading to lowered full-year earnings guidance. The pharmacy business faced pressure from reimbursement rate squeezes, and the acquisition of VillageMD resulted in an operating loss. With a new CEO and mounting debt, investors are advised to wait for operational improvement before considering investment.
Source: YAHOO