Walgreens Boots Alliance plans to close 1,200 of its stores over the next three years, as it grapples with continued financial losses, the company announced Tuesday. About 500 of those stores will ...

compared to a $5.9 billion loss during the same time last year. It’s one of the last financial reports for Walgreens before it transitions to a private company in a deal with private equity firm ...

The closures are part of a broader initiative to focus on more profitable locations and improve overall business health. The closures are set to commence in June, with more than 20 stores shutting ...

Walgreens announced in October it would be closing roughly 1,200 underperforming stores across the U.S. over the next three ...

A significant portion of Walgreens’ 8,500+ U.S. stores are considered unprofitable. The company announced plans to close approximately 1,200 stores over three years, with about 500 slated for 2025, to ...

Operating loss was $325 million compared to $436 million in the prior-year period reflecting improved performance at VillageMD and Shields, Walgreens said in the first-quarter financial report.

Walgreens reported a loss of $3 billion in the fourth quarter ... VillageMD revenue grew 7%, bringing in $1.5 billion, according to chief financial officer Manmohan Mahajan. Within its healthcare ...

While national news reports confirmed Walgreens plans to close ... while the net loss was reported at $3 billion. “Our financial results in the fiscal fourth quarter and full year 2024 reflected ...

The retail pharmacy giant's financial recovery "will take ... performance of VillageMD and Shields allowed Walgreens to bring its operating loss in the U.S. healthcare segment down to $325 million ...

Walgreens had a net loss of $265 million in the first quarter ... “We view this as a prudent step to improve its cash flow and financial structure,” Boylan wrote in the note.