WBA Jul 2024 17.500 put
| Previous close | 1.8400 |
| Open | 2.2700 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 17.50 |
| Expiry date | 2024-07-26 |
| Day's range | 1.8200 - 2.2700 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
Yahoo FinanceWalgreens cuts EPS guidance, plans to close more stores
Walgreens is closing several stores and pulling back on VillageMD locations as it restructures the company.
- Yahoo Finance Video
Walgreens is in 'structural decline': Portfolio manager
Walgreens (WBA) shares sink lower Thursday morning after the pharmacy chain missed on fiscal third-quarter earnings and slashed its full-year profit guidance. Walgreens announced plans to even close a "significant" portion of underperforming US store locations. Catalysts brings on Gabelli Funds Portfolio Manager Jeff Jonas to talk more about Walgreens' predicament, strategies it could use to recover, and the challenges the broader industry faces. "It's just in structural decline, and despite new management, despite maybe selling off some non-core assets, I don't really see a turnaround here," Jonas states, making the case for what could change his mind: "Well, I definitely would need to see margin improvement and closing some of those marginally or unprofitable stores could help with that." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Walgreens stock sinks on full-year outlook, retail hurdles
Walgreens (WBA) shares plunge by as much as 20% in pre-market trading after the pharmacy chain slashed its full-year 2024 profit guidance on top of an adjusted earnings miss in the third quarter. Yahoo Finance Health Reporter Anjalee Khemlani breaks down WBA's latest figures and CEO Tim Wentworth's comments on the pressure the pharmacy side of the business is facing. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
