Tag

Cost Reductions

All articles tagged with #cost reductions

business2 years ago•46 min saved

Walgreens Boots Alliance Faces Profit Decline Amidst COVID Sales Shrinkage

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.

via Walgreens Boots Alliance Investor Relations|

#business #cost-reductions #financial-results

business2 years ago•2 min saved

Rivian narrows losses and beats revenue estimates in Q1 earnings report.

Rivian reported a narrower-than-expected Q1 loss and confirmed it is on track to meet its 50,000-vehicle production target for 2023. The company's net loss narrowed to $1.35 billion, while revenue soared to $661 million. Rivian has been working to reduce spending and conserve cash, with $11.8 billion remaining as of March 31. The automaker is currently building the R1T pickup, the R1S SUV, and electric delivery vans for Amazon at its factory in Illinois.

via CNBC|

#business #cost-reductions #electric-vehicles