Walgreens Plans ‘Significant’ Store Closures from may 2020 update issues Watch Video

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✓ Published: 28-Jun-2024

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Walgreens Plans , ‘Significant’ Store Closures.<br/>On June 27, Walgreens announced quarterly earnings <br/>that were poorer than expected, NBC News reports.<br/>The company's stock fell 15% in pre-market trading.<br/>CEO Tim Wentworth issued a press release.<br/>We continue to face a difficult operating <br/>environment, including persistent <br/>pressures on the U.S. consumer and the <br/>impact of recent marketplace dynamics <br/>which have eroded pharmacy margins, Tim Wentworth, Walgreens CEO, via press release.<br/>Our results and outlook <br/>reflect these headwinds, Tim Wentworth, Walgreens CEO, via press release.<br/>Wentworth elaborated in an interview with CNBC.<br/>The consumer is absolutely stunned by <br/>the absolute prices of things, and the <br/>fact that some of them may not be <br/>inflating doesn’t actually change their <br/>resistance to the current pricing, Tim Wentworth, Walgreens CEO, via CNBC.<br/>On a call with analysts, Wentworth said that Walgreens' strategy will have to \