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Walgreens Boots Alliance Faces Profit Decline Amidst COVID Sales Shrinkage

1 min read
Source: Walgreens Boots Alliance Investor Relations
TL;DR

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-newsbusiness#business#cost-reductions#financial-results#fiscal-year-2023-earnings#tim-wentworth#walgreens-boots-alliance
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  1. Walgreens Boots Alliance Reports Fiscal Year 2023 Earnings  Walgreens Boots Alliance Investor Relations
  2. Walgreens profit outlook comes up short as demand declines for Covid vaccines and tests  CNBC
  3. Walgreens announces $1 billion cost-cutting program  Crain's Chicago Business
  4. Walgreens forecasts weak annual profit as COVID sales shrink  Yahoo Finance
  5. Where Walgreens Boots Alliance Stands With Analysts - Walgreens Boots Alliance (NASDAQ:WBA)  Benzinga

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