Walgreens shares are trading lower after the company announced CEO Rosalind Brewer will step down immediately and also said it expects FY23 adjusted EPS to be at or near the low end of its previously stated range.
Portfolio Pulse from Benzinga Newsdesk
Walgreens announced that CEO Rosalind Brewer will step down immediately. The company also expects its FY23 adjusted EPS to be at or near the low end of its previously stated range.
September 01, 2023 | 2:54 pm
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NEGATIVE IMPACT
Walgreens CEO's immediate departure and the company's lower expected FY23 adjusted EPS could negatively impact the stock price.
The immediate departure of a CEO can create uncertainty in a company, which can negatively impact the stock price. Additionally, the company's lower expected FY23 adjusted EPS indicates potential financial challenges, which could also negatively affect the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100