30/6/2024, 4:20:02 pm

Walgreens Stock Collapses on Weak Outlook. Is Now the Time to Buy?

Walgreens Boots Alliance's stock plummeted after its fiscal Q3 earnings report, with revenue rising 2.6% to $36.4 billion but adjusted EPS falling 36.5% to $0.63. The company reduced its fiscal full-year adjusted EPS outlook to $2.80 to $2.95 and plans to close a "significant portion" of its 8,700 U.S. locations over the next three years. With a debt load of $8.9 billion and negative operating.