Walgreens Boots Alliance Faces Profit Decline Amidst COVID Sales Shrinkage
TL;DR Summary
Walgreens Boots Alliance reported its fiscal year 2023 earnings, with a loss per share of $3.57 compared to earnings per share of $5.01 in the previous year. The company's fourth-quarter sales increased 9.2% year-over-year to $35.4 billion. Walgreens Boots Alliance appointed Tim Wentworth as its new CEO and announced planned cost reductions of at least $1 billion. The company expects to see the impact of these actions in fiscal 2024.
Topics:top-news#business#cost-reductions#financial-results#fiscal-year-2023-earnings#tim-wentworth#walgreens-boots-alliance
- Walgreens Boots Alliance Reports Fiscal Year 2023 Earnings Walgreens Boots Alliance Investor Relations
- Walgreens profit outlook comes up short as demand declines for Covid vaccines and tests CNBC
- Walgreens announces $1 billion cost-cutting program Crain's Chicago Business
- Walgreens forecasts weak annual profit as COVID sales shrink Yahoo Finance
- Where Walgreens Boots Alliance Stands With Analysts - Walgreens Boots Alliance (NASDAQ:WBA) Benzinga
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
46 min
vs 47 min read
Condensed
99%
9,322 → 70 words
Want the full story? Read the original article
Read on Walgreens Boots Alliance Investor Relations