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

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.
Topics:business#business-finance#earnings-report#healthcare-services#impairment-charges#retail-pharmacy#walgreens-boots-alliance
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- Walgreens Narrows Fiscal-Year Profit Guidance in ‘Challenging’ Retail Environment Barron's
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