Walgreens to cut costs sharply as drugstore faces challenges

WALGREENS HAS UNVEILED a cost-cutting plan to save $1 billion a year within three years. / BLOOMBERG NEWS FILE PHOTO/AKASHA RABUT
WALGREENS HAS UNVEILED a cost-cutting plan to save $1 billion a year within three years. / BLOOMBERG NEWS FILE PHOTO/AKASHA RABUT
NEW YORK - Walgreens Boots Alliance Inc. shares declined Thursday after mediocre quarterly results and a new cost-cutting plan that raised concerns about how the pharmacy operator is going to grow over the long term. The company’s results in the most recent quarter were a mixed bag, with adjusted earnings stronger than Wall Street expected but…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -