Walgreens is citing macro issues, like a worsening consumer environment and pressure on pharmacy margins, while grappling with its own set of issues.
CEO Tim Wentworth said only 75% of the chain's locations were making a profit, and that the other one-quarter of them faced the chopping block by 2027."Pharmacy chains used to really be the heart of communities," said GlobalData retail managing director Neil Saunders. "They're the place you went for prescriptions, but they're also the place that you went to buy general goods. And really over the past 20 or so years, that has changed dramatically.
The retail side of the business — or front of store — continues to see declines quarter after quarter, with the most recent year-over-year decline of
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