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Walgreens Narrows Earnings Guidance in ‘Challenging’ Retail Environment

Josh Nathan-Kazis
·4-min read
Walgreens Narrows Earnings Guidance in ‘Challenging’ Retail Environment

The profitability of Walgreens Boots Alliance core U.S. retail pharmacy business continued to drop in its latest quarter, even as the company continues to put its retail chain at the heart of its future plans. Walgreen’s latest financial results, reported Thursday morning, point to the significant struggles still hobbling those U.S. retail stores. The company’s U.S. retail pharmacy division had adjusted operating income of just $752 million in the three months ending Feb. 29, down 29.5% from the same quarter last year.

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