Reported 9 months ago
Walgreens Boots Alliance Inc. experiences a significant drop in its shares as it revises its outlook downwards, plans to close more stores, and undergoes organizational changes under its new CEO. The company faces challenges in the retail sector and failed to meet earnings expectations, leading to a 25% decline in its shares. Despite efforts to improve profitability, including investments in primary care, the company struggles to find a quick turnaround, resulting in uncertainty among investors about its future financial prospects.
Source: YAHOO