"Walgreens Reports Mixed Earnings and Narrows Profit Outlook Amid $6 Billion Loss"

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Source: Yahoo Finance
"Walgreens Reports Mixed Earnings and Narrows Profit Outlook Amid $6 Billion Loss"
Photo: Yahoo Finance
TL;DR Summary

Walgreens Boots Alliance Inc reported a 6.3% increase in Q2 sales to $37.1 billion, but also a net loss of $5.9 billion due to non-cash impairment charges related to VillageMD goodwill. Despite the loss, the adjusted EPS of $1.20 exceeded estimates, and the U.S. Healthcare segment achieved positive adjusted EBITDA for the first time. The company faces challenges in the retail environment but is focusing on cost-saving initiatives and strategic shifts towards healthcare services for potential growth.

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