Forbes June 29, 2024
Walgreens is one of the most celebrated names in the retail pharmacy space, boasting innovation and convenience for its customers. However, in its latest earnings report, the company announced a tough financial environment and outlook, citing “a worse-than-expected U.S. consumer environment.”
Without a doubt, inflation has struck Americans at all levels—from the rise in costs of groceries and food to skyrocketing housing payments and insurance rates. Consumer sentiment towards the retail space has been especially challenging, as individuals are starting to pullback on discretionary spending. As CEO Tim Wentworth explained, these economic headwinds have significantly impacted pharmacy margins, causing a pessimistic outlook for the company.
In addition to closing down some “under-performing stores,” the company also announced that it would...
Today's Sponsors
Today's Sponsor