"Challenges and Earnings: Walgreens' Fiscal 2024 Q2 Results"
TL;DR Summary
Walgreens Boots Alliance reported its fiscal 2024 second quarter results, with a 6.3% increase in sales to $37.1 billion, but also a $5.8 billion non-cash impairment charge related to VillageMD goodwill, resulting in a $6.85 loss per share. The company narrowed its full-year adjusted EPS guidance range to $3.20 to $3.35 due to a challenging retail environment in the U.S. and other factors. The U.S. Healthcare segment achieved adjusted EBITDA profitability, and the company remains focused on customer engagement and value amidst ongoing operational challenges.
Topics:business#business#earnings#fiscal-results#retail-environment#us-healthcare#walgreens-boots-alliance
- Walgreens Boots Alliance Reports Fiscal 2024 Second Quarter Results Walgreens Boots Alliance
- Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy CNBC
- Walgreens takes $5.8 bln hit on VillageMD bet amid CEO focus on profit Reuters
- Walgreens earnings, GDP, consumer sentiment: What to Watch Yahoo Finance
- Walgreens Narrows Earnings Guidance in ‘Challenging’ Retail Environment Barron's
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
33 min
vs 34 min read
Condensed
99%
6,704 → 85 words
Want the full story? Read the original article
Read on Walgreens Boots Alliance