Walgreens narrows full-year profit forecast, takes $5.8-billion impairment
© Reuters. FILE PHOTO: Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly/File Photo -Walgreen Boots Alliance cut the higher end of its profit forecast for fiscal-year 2024 on Thursday, citing economic challenges for its retail operations, and took a $5.8-billion impairment related to its VillageMD business.
On an adjusted basis, Walgreens reported earnings of $1.20 per share for the quarter, compared with analysts' average estimate of 82 cents per share, according to LSEG data.
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