Walgreens CEO Says Additional Store Closures Will Be Contemplated If Performance Does Not Improve
Portfolio Pulse from Benzinga Newsdesk
Walgreens CEO announced that additional store closures will be considered if the company's performance does not improve. This statement was made during a conference call.
June 27, 2024 | 12:57 pm
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Walgreens CEO announced potential additional store closures if performance does not improve, indicating possible cost-cutting measures to address financial challenges.
The announcement of potential store closures suggests that Walgreens is facing performance issues and may need to take significant cost-cutting measures. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100