Becker's Healthcare October 15, 2024
Walgreens will close 1,200 locations over the next three years, the company said in its Oct. 15 fiscal fourth-quarter earnings report.
Here are 10 things ASCs need to know:
1. The closures include 500 in 2025, which should immediately support adjusted earnings and free cash flow. It also includes 300 of the store closures that had been approved under a previous cost-cutting plan.
2. Walgreens saw an operating loss of $978 million in the fourth quarter of 2024, a 117.1% increase compared to the same period last year. Net loss was $3 billion, compared to a $180 million net loss in the fourth quarter of 2023.
3. The company saw $147.7 billion in sales in fiscal year...
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