Walgreens Boots Alliance Inc.’s quarterly earnings dropped 25% amid increased competition from online and discount retailers and shrinking profits in prescription drugs.
The pharmacy chain’s fiscal first-quarter profit fell to $845 million, even as overall revenue rose and the company worked to cut costs. Retail pharmacy sales increased 1.6% in the U.S., well below expectations, and executives said prescription volumes were weaker than planned.
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January 09, 2020 at 12:16AM
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Walgreens Profit Squeezed by Weak Prescription Volumes - Wall Street Journal
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