Walgreens Boots Alliance Faces $8.6 Billion Loss

An announcement from Walgreens Boots Alliance ( (WBA) ) is now available.

Walgreens Boots Alliance reported a significant financial downturn for fiscal year 2024, with a net loss of $8.6 billion, largely due to non-cash impairment charges and opioid liabilities. Despite a 6.2% rise in sales to $147.7 billion, the company faced challenges in the U.S. retail market and reimbursement pressures. Looking ahead, Walgreens plans to optimize its operations by closing 1,200 stores over three years to improve financial performance, with expectations for fiscal 2025 adjusted EPS between $1.40 and $1.80.

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