Walgreens takes $5.8 bln hit on VillageMD bet amid CEO focus …
WEBMarch 28 (Reuters) - Walgreens Boots Alliance (WBA.O) recorded a $5.8 billion impairment charge on its investment in clinic operator VillageMD on Thursday, hit by a cost-cutting drive to shut...
CORRECTED-UPDATE 2-Walgreens books $5.8-billion impairment …
WEBMar 28, 2024 · Walgreens Boots Alliance cut the higher end of its profit forecast for fiscal-year 2024 on Thursday, citing economic headwinds in its retail operations, and took a $5.8-billion impairment...
Walgreens to cut costs by $1 billion this year, with layoffs and …
WEBMar 28, 2024 · The loss included a $5.8 billion noncash goodwill impairment charge related to VillageMD, the primary-care business in which Walgreens owns a controlling stake, as a test of the unit showed...
Walgreens Takes $5.8 Billion Hit on VillageMD Bet Amid CEO …
WEBMar 28, 2024 · By Leroy Leo and Puyaan Singh. (Reuters) -Walgreens Boots Alliance recorded a $5.8 billion impairment charge on its investment in clinic operator VillageMD on Thursday, hit by a cost-cutting...
Walgreens narrows full-year profit forecast, takes $5.8-billion impairment
WEBMarch 28 (Reuters) - Walgreen Boots Alliance WBA.Ocut the higher end of its profit forecast for fiscal- year 2024 on Thursday, citing economic challenges for its retail o perations, and took a...
Walgreens Posts Steep Loss After Major Writedown of VillageMD; …
WEBMarch 28, 2024 at 6:12 PM EDT. Live Coverage Feed. Updated 1 month ago. Walgreens Posts Steep Loss After Major Writedown of VillageMD; Stock Rises. By. Anna Wilde Mathews. , Reporter. Walgreens...
Walgreens posts $6B loss on waning VillageMD value; ups clinic …
WEBMar 28, 2024 · Walgreens reported an almost $6 billion net loss in the second quarter, according to financial results released Thursday. Nearly all of that sum was attributable to the declining value of a...
Walgreens Reports Steep Loss Despite Revenue Beat on
WEBPublished March 28, 2024. Justin Sullivan / Getty Images. Key Takeaways. Walgreens Boots Alliance reported fiscal second-quarter revenue that beat analyst expectations, but posted a steep net...
Walgreens books hefty charge as the drugstore chain adjusts the …
WEBMar 28, 2024 · By TOM MURPHY. Updated 9:18 AM PDT, March 28, 2024. Walgreens lost nearly $6 billion in its second quarter mainly due to a drop in value for the VillageMD clinic business it controls. Excluding that charge, the drugstore chain reported results Thursday that topped Wall Street expectations.
Walgreens takes $6B hit in Q2 from VillageMD investment
WEBMar 28, 2024 · Retail. Walgreens narrows profit outlook for 2024, takes $6B hit in Q2 from VillageMD investment. By Heather Landi Mar 28, 2024 2:00pm. Walgreens Earnings VillageMD. VillageMD now plans to...
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