Walgreens Boots Alliance Expected To Close 25% Of Stores, But Financial Benefit Visible Only Next Year-Analyst
Portfolio Pulse from Vandana Singh
Walgreens Boots Alliance (WBA) reported Q3 FY2024 sales of $36.35 billion, beating expectations but cut its FY2024 EPS guidance. The company plans to close a significant number of stores due to ongoing headwinds. Analysts have lowered their price targets and ratings, citing persistent challenges in the retail pharmacy sector.
June 28, 2024 | 5:56 pm
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Walgreens Boots Alliance reported Q3 FY2024 sales of $36.35 billion, beating expectations but cut its FY2024 EPS guidance. The company plans to close a significant number of stores due to ongoing headwinds. Analysts have lowered their price targets and ratings, citing persistent challenges in the retail pharmacy sector.
Despite beating Q3 sales expectations, WBA's cut in FY2024 EPS guidance and plans to close a significant number of stores indicate ongoing challenges. Analysts have lowered their price targets and ratings, reflecting a negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100