Becker's Healthcare January 10, 2025
Walgreens Boots Alliance reported a $245 million operating loss in the first quarter of fiscal 2025, the three months ending Nov. 30, a substantial drop from the $39 million operating loss recorded in the same quarter in FY 2024.
“Our first quarter results reflect our disciplined execution against our 2025 priorities: stabilizing the retail pharmacy by optimizing our footprint, controlling operating costs, improving cash flow and continuing to address reimbursement models,” CEO Tim Wentworth said in a Jan. 10 news release. “While our turnaround will take time, our early progress reinforces our belief in a sustainable, retail pharmacy-led operating model.”
Eight things to know:
1. The increased losses were driven by higher costs from Walgreens’ footprint optimization program...
Today's Sponsors
Today's Sponsor