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In the statement, a Walgreens spokesperson said the company is repositioning its store footprint, noting that about 25% of its stores are not contributing to the chain's long-term strategy.
Even after the big beats, Walgreens maintained its fiscal 2025 adjusted earnings guidance of $1.40 to $1.80 per share. The company did not include annual sales guidance in its release.
Walgreens Boots Alliance plans to close 1,200 stores during the next three years, with 500 closures set for next year, in the face of low drug reimbursement rates and slower consumer spending.
In the statement, a Walgreens spokesperson said the company is repositioning its store footprint, noting that about 25% of its stores are not contributing to the chain's long-term strategy.
Walgreens Boots Alliance cut its profit forecast for fiscal 2024 and said it would close underperforming U.S. stores as weak consumer spending hurts retail operations.
Walgreens announces nationwide closures. Will New Hampshire locations be part of cuts? ... Walgreens announced the closure of 150 stores in the United States. 200 locations closed in 2019.
In the statement, a Walgreens spokesperson said the company is repositioning its store footprint, noting that about 25% of its stores are not contributing to the chain's long-term strategy.
Massachusetts may be seeing many Walgreens locations shutter across the Commonwealth soon. Walgreens recently announced plans to close a substantial number of stores in the United States. The pharmacy ...