Reported 9 months ago
Walgreens (WBA) experiences a drop in shares after reporting lower-than-expected fiscal third-quarter earnings and reducing its full-year profit outlook. The pharmacy chain plans to shut down a significant number of underperforming US stores as it grapples with structural challenges. Portfolio Manager Jeff Jonas from Gabelli Funds discusses the difficulties Walgreens is facing, potential strategies for recovery, and the broader challenges within the industry, highlighting the need for margin improvements and store closures to potentially reverse the company's decline.
Source: YAHOO